Draganfly Lead Director Scott Larson’s Role Expanded to Interim President as Company Expands
04 July 2020 - 9:00AM
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”), Remotely
Piloted Aircraft Systems (“RPAS”), and Unmanned Vehicle Systems
(“UVS”) sectors, is pleased to announce that lead director Scott
Larson will be the company’s interim President to fulfill
leadership requirements in the short term effective immediately.
Mr. Larson brings over 20 years of combined
operational, corporate finance, technology development and
entrepreneurial experience to the Board. Previously CEO of Kater, a
Vancouver-based mobility as a service (MaaS) company building out
an integrated intermodal transportation platform incorporating
public transportation, buses, taxis and ride haling vehicles into a
single service. Previously, Mr. Larson has been CEO and co-founder
of Helios Wire, a satellite company building out a space-enabled
IoT/M2M network, and was CEO/Co-Founder of UrtheCast. Mr. Larson
helped scale the company from its inception, taking it public on
the Toronto Stock Exchange, raising $200 million, and leading the
company to 250 employees over five years with seven offices around
the world.
“Draganfly has gone through significant
expansion over the past six months, and we need additional
leadership to help guide the company through its next phase of
evolution. This includes the addition of Scott Larson as the
Company’s interim President. Scott brings deep financial,
executional and operational knowledge to the team. We have great
confidence in Scott’s leadership and track record of excellence,”
said Cameron Chell, CEO Draganfly.
“I am committed to working closely with the
Draganfly leadership team to drive enhanced agile performance
throughout the organization. The Company has incredible increased
opportunity within various industries and I am excited to expand on
our already solid foundation,” said Scott Larson, President
Draganfly.
Mr. Larson has served as the company’s Lead
Independent Director since April 30, 2020 and was appointed to the
board of directors in 2019. In connection with his appointment as
interim Present, Mr. Larson will be granted 500,000 stock options
to acquire common shares of Draganfly at a price of $0.64 per
common share.
Corporate Update
Draganfly also announces that it has completed a
private placement of 961,538 common shares at a price of $0.52 (the
“Private Placement”) with proceeds to be used for
general working capital purposes. The common shares issued pursuant
to the Private Placement will be subject to a statutory hold period
of four months and one day in accordance with applicable securities
laws.
About Draganfly
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE:
3U8) is the creator of quality, cutting-edge UVS and software that
revolutionize the way people do business. Recognized as being at
the forefront of technology for over 22 years, Draganfly is an
award-winning, industry-leading manufacturer within the commercial
UAV, RPAS, and UVS space, serving the public safety, agriculture,
industrial inspections, security, 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
https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.
Media Contact Arian Hopkins email: media@draganfly.com
Company Contact Email: info@draganfly.com
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