Drone Delivery Canada completes C$10.02 million bought deal prospectus offering

On March 25, 2019, GMP Securities L.P. led a syndicate of underwriters including Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (the “Underwriters”) that conducted a bought deal short form prospectus offering of units for Drone Delivery Canada Corp. (TSXV: FLT) (“Drone”). Drone offered and sold 8,350,000 units, at an issue price of $1.20 per Unit, for aggregate gross proceeds of $10,020,000. Each unit consisted of one common share and one-half of one common share purchase warrant. Fasken advised the Underwriters with a team that included John Sabetti, Markus Liik, Maria Valdivieso, Zach Austin (Securities/Corporate) and Mark Vanderveken (Intellectual Property).