- - RBC grants waiver from financial covenants
until July 31, 2018 - -
TSXV: DUG │OTCQX: DSTFF
TORONTO, June 25, 2018 /CNW/ - Distinct Infrastructure
Group Inc. (TSXV: DUG) ("DIG" or the "Company") today announced
that it has received a waiver of compliance until July 31, 2018 pertaining to certain financial
covenants contained in its Revolving Loan and Term Loan dated
November 21, 2017.
"We are pleased to announce this waiver," said Joe Lanni, DIG's Co-CEO. "It illustrates the
cooperative relationship we have with RBC as we work toward the
common goal of growing shareholder value in DIG".
About Distinct Infrastructure Group:
Distinct Infrastructure Group Inc. (TSXV:DUG, OTCQX:DSTFF) is a
turnkey solutions firm providing design, engineering, construction
and maintenance services to telecommunication firms, utilities and
government bodies. DIG'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 and Winnipeg, Manitoba.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as defined in the 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.