- Direct Communication Solutions (DCSI) has closed a non-brokered private placement of unsecured debentures for proceeds of C$1,920,000
- The debentures carry an annual interest rate of 10 per cent
- The company will also issue 750,000 share purchase warrants
- Direct Communication Solutions is an IoT technology solutions company
- Direct Communications Solutions (DCSI) opened trading at C$1.20
Direct Communication Solutions (DCSI) has closed a non-brokered private placement of unsecured debentures for proceeds of C$1,920,000.
Chris Bursey, CEO, remarked on the financing.
“We have always strived to be diligent in our capital raising to ensure minimal dilution for our shareholders, and this will assist with our process of uplisting to a senior US Exchange.”
The debentures will have a maturity date of twenty-four months and carry an annual interest rate of 10 per cent, paid semi-annually. Subscribers may convert all or part of the principal amount outstanding into common shares.
The company will also issue 750,000 share purchase warrants. Each warrant entitles the holder to purchase one common share for a period 24 months.
Direct Communication Solutions is a technology solutions company that connects the Internet of Things. Its software applications and cloud services collect and assess business-critical data from all types of assets.
Direct Communications Solutions (DCSI) opened trading at C$1.20.
