Draganfly Inc. Announces OTCQB Listing and DTC Eligibility
10 January 2020 - 1:15AM
Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8)
(“
Draganfly” or the “
Company”),
an award-winning, industry-leading manufacturer within the
commercial Unmanned Aerial Vehicle (“
UAV”) and
Unmanned Vehicle Systems (“
UVS”) space, is pleased
to announce that its common shares are now trading on the OTCQB
Venture Market ("
OTCQB Venture") under the stock
symbol “DFLYF”.
The OTCQB Venture Market is the premiere
marketplace for early stage and developing U.S. and international
companies. Participating companies must be current in their
reporting and undergo an annual verification and management
certification process. Investors can find real-time quote and
market information at
https://www.otcmarkets.com/stock/DFLYF/overview.
Draganfly is also pleased to announce that it
has secured DTC eligibility by The Depository Trust Company
("DTC") for electronic settlement and transfer of
its common shares in the United States.
Draganfly’s common shares will continue to trade
on the Canadian Securities Exchange (“CSE”) under
the symbol “DFLY” as well as the Frankfurt Stock Exchange under the
symbol “3U8”.
About OTC Markets Group
Inc.
OTC Markets Group Inc. operates the OTCQX Best
Market, the OTCQB Venture Market, and the Pink Open Market for
10,000 U.S. and global securities. Through OTC Link ATS and OTC
Link ECN, the OTC Markets Group connects a diverse network of
broker-dealers that provide liquidity and execution services. OTC
Markets Group enables investors to easily trade through the broker
of their choice and empowers companies to improve the quality of
information available for investors.
About The Depository Trust
Company
DTC is a subsidiary of the Depository Trust
& Clearing Corporation and manages the electronic clearing and
settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through the DTC
are considered "DTC eligible." This reduces costs and accelerates
the settlement process for investors and brokers, allowing the
stock to be traded over a much wider selection of brokerage firms
by coming into compliance with their requirements.
About Draganfly
Draganfly (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is
the creator of quality, cutting-edge, unmanned vehicle systems and
software that revolutionizes 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 and UVS 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 more information on Draganfly, please visit
us at: www.draganfly.com. For additional investor information,
visit www.thecse.com searching DFLY or visit
https://www.boerse-frankfurt.de/ searching 3U8.
Media Contact Arian Hopkins email:
arian@businessinstincts.com
Company Contact Paul Sun, CFO
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
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 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 Canadian Securities Exchange 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.
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