03:47:31 EDT Sat 24 May 2025
Enter Symbol
or Name
USA
CA



Direct Communication Solutions Inc (2)
Symbol DCSI
Shares Issued 2,305,079
Close 2024-11-27 C$ 2.94
Market Cap C$ 6,776,932
Recent Sedar Documents

Direct Communication offers loans for up to $1.4M

2024-11-27 19:35 ET - News Release

Mr. Bill Espley reports

DCS ANNOUNCES A FUNDING THROUGH LOAN AGREEMENTS

Direct Communication Solutions Inc. is offering loan agreements on a non-brokered basis for up to $1-million (U.S.) ($1.4-million). The loan agreements shall bear 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 95,500 shares of common stock to the loan agreement holders on completion, whereby 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 $2.95 ($2.10 (U.S.)).

The loan agreements and the issuance of the warrants associated with the loan agreements will be subject to the prior written approval of the Canadian Securities Exchange.

About Direct Communication Solutions Inc.

Direct Communications Solutions is a technology solutions integrator focusing on connecting the Internet of things. The company 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. Direct Communications Solutions is headquartered in San Diego, Calif., and is publicly traded on the OTC (over-the-counter) market, Canadian Securities Exchange and Frankfurt Stock Exchange.

We seek Safe Harbor.

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