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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