Draganfly Enters Agreement with Applied Research and Innovations Services at Southern Alberta..
The Company announces that it has completed the final closing of its Regulation A+ offering of units sold pursuant to the Company’s Regulation A+ offering circular (“Offering Document”) filed with the U.S. Securities and Exchange Commission. The Company issued 32,443,457 units at the offering price set out in the Offering Document for gross proceeds in the amount of approximately US$15.3 million in the final closing. Each unit is comprised of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of US$0.71 per common share for a period of two years from the date of issuance. The common shares and warrants issued in connection with the offering are subject to a nine month hold period. In total, the Company issued 35,000,000 units under its Offering Document (which is the maximum number of securities qualified to be sold in the offering) for aggregate gross proceeds of US$16,450,000. The offering was conducted to the public under an offering statement on Form 1-A, which includes an Offering Circular (the “Offering Statement”), pursuant to Regulation A under the United States Securities Act of 1933, as amended (the “1933 Act”), filed with the United States Securities and Exchange Commission (the “SEC”). The securities sold pursuant to the offering have not been approved or disapproved by the SEC, nor has any such regulatory authority passed upon the accuracy or adequacy of the Offering Statement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of any securities, in any state or jurisdiction in which the offer, solicitation, or sale of securities would be unlawful. Copies of the Offering Statement (including the Offering Circular contained therein), are available at www.sedar.com and www.sec.gov.
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