Original News Release
Direct Communication issues $150,000 (U.S.) note
Mr. Bill Espley reports
DCS ANNOUNCES ISSUANCE OF PROMISSORY NOTE
Direct Communication Solutions Inc. has issued to an arm's-length investor an interest-bearing promissory note in the principal amount of $150,000 (U.S.).
Pursuant to the promissory notes, the company and the lender have agreed to a term of 24 months, at an annual interest rate of 15 per cent. The company may prepay the principal amount of the promissory note in whole, or in part, at any time or from time to time without premium or penalty.
The lender will be issued a total of 6,900 bonus warrants in connection with the loan, with each warrant being exercisable at $2.95 per common share for a period of two years. The loan and issuance of warrants remain subject to regulatory acceptance.
About Direct Communication Solutions Inc.
Direct Communication Solutions is a technology solutions integrator focusing on connecting the Internet of Things. Direct Communication Solutions provides real solutions that solve real problems. The company's software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication Solutions is headquartered in San Diego, Calif., and is publicly traded on the Canadian Securities Exchange (symbol: DCSI) and the Frankfurt Stock Exchange (symbol: 7QU).
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