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Direct Communication Solutions Inc (2)
Symbol DCSI
Shares Issued 2,305,079
Close 2025-01-10 C$ 7.25
Market Cap C$ 16,711,823
Recent Sedar Documents

Direct Communication issues 65,000 warrants to lenders

2025-01-10 18:41 ET - News Release

Mr. Bill Espley reports

DCS ANNOUNCES ISSUANCE OF BONUS WARRANTS PURSUANT TO LOAN AGREEMENTS

Pursuant to the previous press release of Nov. 27, 2024, Direct Communication Solutions Inc. has entered into loan agreements with lenders borrowing a total of $350,000 (U.S.). The $300,000 of the loans will bear interest of 15 per cent per annum, and $50,000 is at 19 per cent. The maturity date of the loans will be the date that is 24 months following the date that the lenders provided the loans to the company.

In connection with the loan agreements, the company has issued an aggregate of 65,000 share purchase warrants to the lenders. Each loan bonus warrant entitles the holder to purchase one common share of the company at an exercise price of $2.95 ($2.10 (U.S.)) for a period of 24 months from the issue date.

In connection with loan agreements, Research Capital Corp. will be paid a finder's fee of $3,000 in cash.

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, Canadian Securities Exchange and Frankfurt Stock Exchange.

We seek Safe Harbor.

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