DRAGANFLY INC. ANNOUNCES PROPOSED OTC MARKETS LISTING
07 November 2019 - 12:00AM
Draganfly Inc. (CSE: DFLY) (“
Draganfly” or the
“
Company”), an award-winning, industry-leading
manufacturer within the commercial Unmanned Aerial Vehicle
(“
UAV”) and the Unmanned Vehicle Systems (UVS)
space, is pleased to announce that it has made an application to
have the common shares of the Company quoted on the OTC Markets, a
US trading platform that is operated by the OTC Markets Group in
New York. Listing on the OTC Markets is subject to meeting all the
listing requirements of the OTC and there is no guarantee that the
Company will meet these requirements.
Business of
Draganfly
Draganfly Inc. is the creator of quality,
cutting-edge, unmanned vehicle systems and software that
revolutionize the way people do business. Recognized as being at
the forefront of technology for over 21 years, Draganfly is an
award-winning, industry-leading manufacturer within the commercial
UAV space, serving the public safety, agriculture, industrial
inspections and mapping and surveying markets. Draganfly is a
company driven by passion, ingenuity and the need to provide
efficient solutions and first-class services to its customers
around the world with the goal of saving time, money and lives.
For further information please
contact:
Draganfly Inc. 2108 St. George Avenue Saskatoon, SK
S7M 0K7 Phone: 1-800-979-9794 Email:
paul.sun@draganfly.com
Forward-Looking Statements
This release contains certain “forward looking
statements” and certain “forward-looking information” as defined
under applicable Canadian securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as “may”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”
or similar terminology. Forward-looking statements and information
include, but are not limited to, statements with respect to receipt
of final approval from the OTC Markets. Forward-looking statements
and information are based on forecasts of future results, estimates
of amounts not yet determinable and assumptions that, while
believed by management to be reasonable, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Forward-looking statements and information are
subject to various known and unknown risks and uncertainties, many
of which are beyond the ability of the Company to control or
predict, that may cause the Company’s actual results, performance
or achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about such
risks, uncertainties and other factors set out here in, including
but not limited to: the risk that the listing will not be approved
by the OTC Markets, the inherent risks involved in the general
securities markets; uncertainties relating to the availability and
costs of financing needed in the future; the inherent uncertainty
of cost estimates and the potential for unexpected costs and
expenses, currency fluctuations; regulatory restrictions,
liability, competition, loss of key employees and other related
risks and uncertainties. The Company undertakes no obligation to
update forward-looking information except as required by applicable
law. Such forward-looking information represents managements’ best
judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or
information.
The CSE has not in any way passed upon the
merits of the listing of the common shares of Draganfly and has
neither approved nor disapproved the contents of this news release.
Listing of the common shares of Draganfly is subject to
satisfaction of the listing requirements of the CSE, including
customary deliverables in satisfaction of the conditional
approval.
The securities referred to herein have not been
and will not be registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
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