On October 25, 2017, Drone Delivery Canada Corp., a technology company focused on the design, development and implementation of a commercial drone logistics platform, completed a bought deal short form prospectus offering of 23,100,000 common shares (the “Common Shares”), at an issue price of C$0.65 per Common Share for aggregate gross proceeds of $15,015,000 (the “Offering”).
The Offering was conducted and underwritten by GMP Securities L.P. (“GMP”).
Fasken advised GMP with a team that included Rubin Rapuch, John Sabetti, Justine Connors, Mariko Rivers (Securities/Corporate) and Armand Benitah (Intellectual Property), with assistance from students-at-law Simar Anand and Daniel Richer.
