DDC ANNOUNCES $5.0 MILLION BOUGHT DEAL OFFERING

TORONTO, July 13, 2020 TORONTO, July 13, 2020 /CNW/ – Drone Delivery Canada Corp. (TSXV:FLT) (OTC:TAKOF) (Frankfurt: ABB) (the “Company” or “DDC”) is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. and Canaccord Genuity Corp., as co-lead underwriters, on behalf of a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 7,143,000 units (the “Units”) of the Company at a price of $0.70per Unit (the “Issue Price”) for gross proceeds of approximately $5.0 million (the “Offering”).

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DDC Completes Phase Two of AED Tests

During a cardiac arrest, time is critical. Victims need immediate medical attention, but if they’re in a remote location, it may be too late by the time the ambulance arrives. Sending a drone with an Automated External Defibrillator (AED) ahead of the ambulance gets help to the scene faster, and that could save lives.

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Drone Delivery Canada Tests AED Drop

Drone Delivery Canada has delivered some “shocking” news. The Toronto-based company recently completed Phase Two of a plan to deliver automated external defibrillators (you know, the thing they use to jump-start a failing heart on every episode of ER right before George Clooney yells “CLEAR”?)

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