Mr. Bill Espley reports
DCS CLOSES LOAN AGREEMENTS AND ISSUES 50,000 SHARE PURCHASE WARRANTS
Further to its news release dated Sept. 4, 2024, Direct Communication Solutions Inc. has completed and
closed four loan agreements with several creditors for an
aggregate principal amount of $350,000 (U.S.) ($480,150 (Canadian)) with interest charges of 19 per cent and 15 per cent per
annum on the principal.
Further, as an additional consideration for agreeing to fund the proceeds of the loan agreements, Direct Communication Solutions
has granted 50,000 warrants to the creditors to purchase up to 50,000 shares of
common stock of Direct Communication Solutions where each warrant will entitle the holder to purchase one share of common stock
of Direct Communication Solutions for 24 months from the date of issuance of the warrants at an exercise price of $2
($1.48 (U.S.)).
About Direct Communication Solutions Inc.
Direct Communication is a technology solutions integrator focusing on connecting the Internet of Things. It provides real
solutions that solve real problems. Its software applications and scalable cloud services collect and assess
business-critical data from all types of assets.
We seek Safe Harbor.
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