02:48:17 EDT Sat 24 May 2025
Enter Symbol
or Name
USA
CA



Direct Communication Solutions Inc (2)
Symbol DCSI
Shares Issued 2,345,079
Close 2025-05-12 C$ 3.15
Market Cap C$ 7,386,999
Recent Sedar Documents

Direct Communication arranges debenture offering

2025-05-12 19:47 ET - News Release

Mr. Chris Bursey reports

DCS ANNOUNCES USD $400,000 OF CONVERTIBLE DEBENTURE FINANCING

Direct Communication Solutions Inc. has arranged its offering of unsecured convertible debentures (minimum subscription amount of $25,000 (U.S.) ($34,457.50 (Canadian)) per debenture) raising up to $400,000 (U.S.) ($552,000 (Canadian)). Pursuant to the terms of the debentures, the subscribers may convert all or part of the principal amount outstanding under the debentures into shares of common stock of the company. The debentures are convertible into shares of common stock of the company at $2.25 (U.S.) ($3.10 (Canadian)). The debentures have a maturity date of the first anniversary of the closing date, subject to an automatic conversion into shares of common stock on the business day designated by the corporation not to exceed five business days following the effective date of listing of the shares of common stock on a recognized stock exchange in the United States, including, but not limited to, Nasdaq or the NYSE American. The debentures bear an interest rate of 10 per cent per annum, payable at the end of the one-year term or upon conversion of the debenture.

The debentures are unsecured, and the use of proceeds from the offering shall be used for working capital and general corporate purposes.

The company may pay finders' fees to eligible finders in cash or warrants or a combination of both.

The conversion rate is based on $1 (U.S.) to $1.38 (Canadian) as per the Bank of Canada conversion rate.

About Direct Communication Solutions Inc.

Direct Communication is a technology solution 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. Direct Communication is headquartered in San Diego, Calif., and is publicly traded on the OTCQX, the Canadian Securities Exchange and the Frankfurt Stock Exchange.

We seek Safe Harbor.

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