Distinct Enters into Debt for Equity Conversion
TSXV:DUG ?OTCQX:DSTFF
TORONTO, Sept. 11, 2017 /CNW/ - Distinct Infrastructure Group Inc. ("Distinct" or the "Company") would like to announce that it has entered into a conversion agreement (the "Agreement") with an arm's length party. Pursuant to the terms of the Agreement, the party has agreed to the issuance of an aggregate of 90,000 common shares (the "Shares") as compensation for certain services rendered to the Company in the amount of $125,000. The Shares are being issued at a deemed price of $1.38 per share.
The issuance of the Shares is subject to the approval of the TSX Venture Exchange.
About Distinct Infrastructure Group:
Distinct Infrastructure Group Inc. is a turnkey solutions firm providing design, engineering, construction and maintenance services to telecommunication firms, utilities and government bodies. Distinct's full service suite of offerings includes underground construction, aerial construction, inventory management, and technical services including fibre to the building and home. The Company's head offices are located in Toronto, Ontario, with additional offices in Edmonton, Alberta.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Distinct is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Distinct cannot assure investors that actual results will be consistent with these forward-looking statements and Distinct assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.
SOURCE Distinct Infrastructure Group Inc.
