Direct Communication Solutions (TSE:DCSI) has released an update.
Direct Communication Solutions, Inc. has revised the terms of a previous loan agreement, reducing the principal amount to US$75,000 with a 15% annual interest rate, and will issue warrants for the purchase of common stock. In addition, the company has entered into a new loan agreement for US$250,000 at a 19% annual interest rate, accompanied by the issuance of additional stock purchase warrants, all subject to Canadian Securities Exchange approval.
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