Draganfly (DFLYF) Closes $15 Million Reg A Offering.


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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