TSXV: DUG │OTCQX: DSTFF
TORONTO, Aug. 2, 2018 /CNW/ - Distinct Infrastructure
Group Inc. ("Distinct" or the "Company") today announced that it
has received a waiver of compliance until August 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, Co-Chief Executive Officer of
Distinct. "Distinct and RBC continue to work together illustrating
the cooperative relationship between the parties as we work toward
the common goal of growing shareholder value in the Company."
About Distinct Infrastructure Group:
Distinct Infrastructure Group Inc. is a Canadian operated firm
providing design, engineering, construction and maintenance
services to telecommunication firms, utilities and governments. Our
service offerings include the design, engineering and delivery of
underground and aerial construction, as well as inventory
management and technical services.
Our mission is to be responsive to the current and future needs
of our clients by delivering safe, turnkey solutions that
positively impact the communities in which we live and work. We
work wherever our clients need us, from our bases in Toronto and Winnipeg.
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.
SOURCE Distinct Infrastructure Group Inc.