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Distinct Receives Extension of Bank Waiver

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Distinct Receives Extension of Bank Waiver

Canada NewsWire

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.

Distinct Infrastructure Group Inc. (CNW Group/Distinct Infrastructure Group Inc.)

"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.

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