Direct Communication Solutions, Inc. announced a private placement of unsecured convertible debentures for gross proceeds of $1,500,000 on August 10, 2022. Pursuant to the terms of the debentures, the subscribers may convert all or part of the principal amount outstanding under the debentures into shares of common stock of the company. The debentures are convertible into units at the higher of $1.19 or a price equal to the price of the shares or units of the next financing carried out before the 2nd anniversary of the closing date less a 25% discount. The debentures have a maturity date of the 2nd anniversary of the closing date and bear an interest rate of 10% per annum, payable semi-annually. Concurrent with the offering of the debentures, the company shall grant and issue up to 750,000 share purchase warrants on the basis of one-half of one share purchase warrant for each $1 of debenture principal under subscription, where a whole warrant shall be exercisable at $0.86 per share of common stock for a two-year exercise term. The company may pay finder's fees to eligible finders in cash or warrants or a combination of both.