An anonymous director reports
DCS ANNOUNCES ENTERING INTO A LOAN AGREEMENTS AND ISSUES WARRANTS
Direct Communication Solutions Inc. has entered into four loan agreements with
several creditors for an aggregate principal amount of $350,000 (U.S.) ($480,150) with
interest charges of 19 per cent and 15 per cent per annum on the principal.
Further, as an additional consideration for agreeing to finance the proceeds of the loan agreements, Direct Communication
shall grant common stock purchase warrants to purchase up to 50,000 shares of common stock to the creditors where each warrant will entitle the holder to purchase one share of common
stock of Direct Communication for 24 months from the date of issuance of the warrants at an exercise price of $2.00
($1.48 (U.S.)).
The loan agreements and the issuance of the warrants associated with the loan agreements are subject
to the prior written approval of the Canadian Securities Exchange.
About Direct Communication Services Inc.
Direct Communication Solutions is a technology solutions integrator focusing on connecting the Internet of things. The company provides real solutions that solve real problems. Direct Communication Solutions' software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication Solutions is headquartered in San Diego, Calif.
We seek Safe Harbor.
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