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Vancouver, British Columbia, Jan. 16, 2020 (GLOBE NEWSWIRE) — Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading systems developer aural the bartering Unmanned Aerial Agent (“UAV”) and the Unmanned Agent Systems (“UVS”) industry, is admiring to advertise that it has entered into an arm’s breadth absolute allotment acquirement acceding anachronous January 15th, 2020 with the shareholders of Dronelogics Systems Inc. (“Dronelogics”), whereby Draganfly has agreed to access all of the shares of Dronelogics (the “Transaction”) for banknote and accepted shares of Draganfly (“Draganfly Shares”).
Cameron Chell, Chairman and CEO, stated, “We are aflame to acceptable the accomplished Dronelogics aggregation as allotment of Draganfly. Dronelogics has accustomed itself as a trusted bombinate account provider. Its business is awful commutual to our business and the accumulated article will bear an added artefact and account alms to the accumulated applicant base. This transaction added establishes Draganfly as a leading, about traded bombinate company, and provides a able belvedere for us to accompany connected alliance in the industry. “
Material Agreement of the Acceding with Dronelogics
Scotiabank is acting as Draganfly’s banking advisor, and Gowling WLG (Canada) LLP is acting as Draganfly’s acknowledged advisor. Stikeman Elliott LLP is acting as Dronelogics acknowledged advisor.
Dronelogics is a solutions integrator for custom robotics, accouterments and software that provides a advanced ambit of casework including sales, training, rentals, maintenance, aerial and abstracts processing casework based in Vancouver, Canada. The advanced array of services, articles and innovations that Dronelogics provides after-effects in a altered one-stop-shop band-aid for their audience which aids in college chump retention, adapted acquirement streams, echo business and aegis adjoin bazaar volatility. Dronelogic’s chump abject comprises able-bodied over 10,000 absolute names and the aggregation enjoys aerial echo business due to its expertise, altered focus on account and ample ambit of offerings.
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the architect of quality, cutting-edge, unmanned agent systems and software that revolutionizes the way bodies do business. Recognized as actuality at the beginning of technology for over 21 years, Draganfly is an award-winning, industry-leading architect aural the bartering UAV and UVS space, confined the accessible safety, agriculture, automated inspections and mapping and analysis markets. Draganfly is a aggregation apprenticed by passion, adeptness and the charge to accommodate able solutions and capital casework to its barter about the apple with the ambition of extenuative time, money and lives.
For added advice on Draganfly, amuse appointment us at: www.draganfly.com. For added broker information, visit www.thecse.com analytic DFLY or appointment https://www.boerse-frankfurt.de/ analytic 3U8.
Media ContactArian Hopkinsemail: [email protected]
Company ContactPaul Sun, CFOEmail: [email protected]
This absolution contains assertive “forward attractive statements” and assertive “forward-looking information” as authentic beneath applicative Canadian balance laws. Advanced statements and advice can about be articular by the use of advanced analogue such as “may”, “will”, “believe” or agnate terminology. Advanced statements and advice include, but are not bound to, statements with account to accepted closing of the Transaction or the accepted closing date of the Transaction, Transaction benefits, accepted added revenues, accepted growth, after-effects of operations, performance, industry trends and advance opportunities. Advanced statements and advice are based on forecasts of approaching results, estimates of amounts not yet determinable and assumptions that, while believed by administration to be reasonable, are inherently accountable to cogent business, bread-and-butter and aggressive uncertainties and contingencies. Advanced statements and advice are accountable to assorted accepted and alien risks and uncertainties, abounding of which are aloft the adeptness of the Aggregation to ascendancy or predict, that may account the Company’s absolute results, achievement or achievements to be materially altered from those bidding or adumbrated thereby, and are developed based on assumptions about such risks, uncertainties and added factors set out actuality in, including but not bound to: the accident that the Transaction may not be completed as accepted or at all; the accepted allowances of the Transaction and added revenues may not materialize; the inherent risks complex in the accepted balance markets; uncertainties apropos to the availability and costs of costs bare in the future; the inherent ambiguity of amount estimates and the abeyant for abrupt costs and expenses, bill fluctuations; authoritative restrictions, liability, competition, accident of key advisers and added accompanying risks and uncertainties. For added advice on the risk, uncertainties and assumptions that could account advancing opportunities and absolute after-effects to alter materially, amuse accredit to the accessible filings of Draganfly which are accessible at www.sedar.com. The Aggregation undertakes no obligation to amend advanced advice except as appropriate by applicative law. Such advanced advice represents managements’ best acumen based on advice currently available. No advanced account can be affirmed and absolute approaching after-effects may alter materially. Readers are brash not to abode disproportionate assurance on advanced statements or information.
This account absolution additionally contains future-oriented banking advice and banking angle advice (collectively, “FOFI”) about the pro forma acquirement of the consistent issuer which are accountable to the aforementioned assumptions, accident factors, limitations and abilities as set alternating in the aloft paragraphs. FOFI independent in this account absolution was fabricated as of the date of this account absolution and was provided for the purpose of accouterment added advice about Draganfly’s advancing approaching business operations. Draganfly disclaims any ambition or obligation to amend or alter any FOFI independent in this columnist release, whether as a aftereffect of new information, approaching contest or otherwise, unless appropriate pursuant to applicative law. FOFI independent in this account absolution should not be acclimated for purposes added than for which it is appear herein. Such future-oriented assembly advice is provided for the purpose of accouterment advice about management’s accepted expectations and affairs apropos to the future. Readers are cautioned that such angle or advice should not be acclimated for purposes added than for which it is appear in this account release.
The CSE has not in any way anesthetized aloft the claim of the advertisement of the accepted shares of Draganfly and has neither accustomed nor banned the capacity of this account release.
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