Direct Communication Solutions (TSE:DCSI) has released an update.
Direct Communication Solutions, Inc. (DCS), an IoT technology solutions provider, announced the replacement of its 2022 issued convertible debentures with new ones totaling $1.8 million, including accrued interest, maturing a year after a closing date set for September 13, 2024. The new debentures come with a 15% annual interest rate and can be converted to common stock, with additional share purchase warrants being issued to investors.
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