Draganfly Inc. has announced that it will begin trading on the Canadian Securities Exchange (“CSE”) under ticker symbol “DFLY”.
Chairman and CEO, Cameron Chell:
“Dynamic industry expansion and recent regulatory and government positions on drone operations in North America focused on securing, promoting and adopting North American technology has Draganfly well positioned for growth. We are fortunate to be able to access the public markets to support this growth and the evolution of the drone and unmanned vehicle space in North America”.
For further details of the Company and the listing transaction, please refer to the non-offering prospectus of the Company dated October 23, 2019, available on SEDAR at www.sedar.com.
The Company also announced today the grant of stock options and restricted share units (“RSUs”) to certain officers, directors and employees of the Company. Incentive stock options to purchase up to 2,925,000 common shares were granted to officers, directors and employees of the Company, pursuant to the Company’s share compensation plan, exercisable at a price of $0.50 per common share.
The options shall have a term of 10 years and vest in three equal tranches, on the first, second and third anniversaries of the date of grant. In addition, 2,925,000 RSUs were awarded to officers, directors and employees pursuant to the Company’s share compensation plan. The RSUs shall vest in three equal tranches, on the first, second and third anniversaries of the date of grant.
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.
Source: Press Release