Our vision is to become a key player in the Drone Delivery Industry by commercializing our technology to create new and innovative logistics platforms for retailers and government agencies.
TORONTO, March 6, 2019 - Drone Delivery Canada Corp. ("DDC" or the "Company") (TSXV:FLT), is pleased to announce, further to its news release dated March 6, 2019, that due to strong demand, it has agreed to increase the size of its previously announced bought deal offering of units (the "Units") at a price of $1.20 per Unit, from up to 6,000,000 Units for aggregate gross proceeds of up to $7,200,000 to up to 8,350,000 Units for aggregate gross proceeds of up to $10,020,000 (the "Offering").
TORONTO, ONTARIO – March 6, 2019 – Drone Delivery Canada Corp. (TSX.V:FLT – OTCQB: TAKOF) (“Drone Delivery” or the “Corporation”) announced today that it has entered into an agreement with GMP Securities L.P. (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 6,000,000 units (the “Units”) of the Corporation at a price of $1.20 per Unit (the “Offering Price”) for aggregate gross proceeds to Drone Delivery of $7,200,000 (the “Offering”).
Welcome to the future: Remote northern Canada community to start getting resources by drone
The future has arrived in Canada. A remote Moose Cree First Nations community will start getting various resources delivered by drone, courtesy of Drone Delivery Canada (DDC). DDC is set to start commercial test flights within the Moose Cree geography, which is located 20 km south of James Bay in Northern Ontario.
First Nation in Ontario using drones to help lower costs, create jobs
Moose Cree First Nation has teamed up with Toronto-based Drone Delivery Canada to see if the self-flying aircraft can reduce the time and expense of bringing food, medicine and other supplies to the remote community.
Remote northern Ontario First Nation to begin getting drone delivery
Patricia Faries is hoping drones will help reduce the price of goods in her community of Moose Cree First Nation. The chief of the remote community on the island of Moose Factory in northern Ontario says the cost of living is high because of the extra effort it take to transport goods there.