News, events about Drone Delivery Canada CSE:FLT

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2 years 1 month ago #117848 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Hoss, but how can we value this, nothing like it and no doubt they are the leader here.

If you google drones and delivery in Canada or anything like this, all that comes up is FLT, as far as a public company goes.

For instance engadget thinks Canada and Drone Delivery well in the forefront in the world
www.engadget.com/2017/01/15/canada-deliv...drone-test-approval/

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2 years 1 month ago #117846 by Hoss
Hoss replied the topic: News, events about Drone Delivery Canada CSE:FLT
I like it but on a technical basis we need to see a breakout. This is getting pricey too with 120 million shares out the market cap is $60M

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2 years 1 month ago #117844 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Yup, FLT another great card in my hand, am up nicely on it now. Word must have got out on this financing with over flow buying in market. The stock is up since the financing closed.

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2 years 1 month ago #117843 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Been quiet here, everyone maybe at PDAC.

The stock is at 50 at lunch today, looks like it is going to challenge the 52 week high today or very soon

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2 years 1 month ago #117778 by DearJohn
DearJohn replied the topic: News, events about Drone Delivery Canada CSE:FLT
Seems there was lots of interest in this financing and the company is well cashed up.

Tuesday February 28 2017 - News Release

Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING FOR GROSS PROCEEDS OF $10,900,400

Further to its news releases dated Feb. 6 and Feb. 23, 2017, Drone Delivery Canada Corp. has completed its previously announced private placement offering of special warrants, issuing an aggregate of 31,144,000 special warrants at a price of 35 cents per special warrant for aggregate gross proceeds of $10,900,400, which includes the exercise by GMP Securities LP, as sole lead agent, of its option for an additional 1,144,000 special warrants.

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2 years 2 months ago #117736 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
UPS just tested a delivery drone on a farm outside of Tampa, Florida, with the UAV returning to the roof of the truck. The big feat? The vehicle already moved 2,000 feet down the road. "Drones won't replace our uniformed service providers," said UPS's Mark Wallace. "That's key, but in this case, it really is there to assist." The company also announced it would roll out Saturday ground delivery starting in April.

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2 years 2 months ago #117659 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
This would give them some serious money
2017-02-06 09:16 ET - News Release


Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES $7 MILLION SPECIAL WARRANT FINANCING

Drone Delivery Canada Corp. has entered into an engagement letter with GMP Securities LP for an offering on a fully marketed, best effort, private placement basis of special warrants of the company at a price per special warrant of 35 cents for aggregate gross proceeds of approximately $7-million. The company has also granted the agent an option to purchase up to an additional 15 per cent of the base offering of special warrants, which option is exercisable by giving notice to the company not less than 48 hours prior to the closing of the offering. Closing of the offering is expected to occur on Feb. 28, 2017, or such other date as the agent and the company may agree.

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2 years 2 months ago #117634 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Drone Delivery arranges $7M special warrant financing

Drone Delivery Canada Corp (C:FLT)
Shares Issued 89,291,299
Last Close 2/3/2017 $0.39
Monday February 6 2017 - News Release

Mr. Richard Buzbuzian reports

DRONE DELIVERY CANADA ANNOUNCES $7 MILLION SPECIAL WARRANT FINANCING

Drone Delivery Canada Corp. has entered into an engagement letter with GMP Securities LP for an offering on a fully marketed, best effort, private placement basis of special warrants of the company at a price per special warrant of 35 cents for aggregate gross proceeds of approximately $7-million. The company has also granted the agent an option to purchase up to an additional 15 per cent of the base offering of special warrants, which option is exercisable by giving notice to the company not less than 48 hours prior to the closing of the offering. Closing of the offering is expected to occur on Feb. 28, 2017, or such other date as the agent and the company may agree.

Each special warrant will entitle the holder thereof to receive and without payment of additional consideration, one unit of the company consisting of one common share and one-half of one common share purchase warrant. Each whole Warrant, subject to customary adjustments, shall be exercisable into one (1) Common Share (a "Warrant Share") at an exercise price of $0.45 per Warrant Share for a period of two (2) years from the date of issue. If the volume weighted average price of the Common Shares on the CSE is equal to or greater than $1.00 for a period of 10 consecutive trading days then the Company may anytime thereafter accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the Company issues notice to all the Warrant holders of the new expiry date. The Company will also issue a press release on the same date as it issues notice confirming the new expiry date of the Warrants.

The Company has agreed to use its best efforts to obtain a receipt for a final short form prospectus qualifying the distribution of the Units upon exercise of the Special Warrants (the "Qualification Condition") on or before the date that is 90 days following closing of the Offering (the "Qualification Deadline"). If the Prospectus Qualification does not occur before the Qualification Condition, each holder shall be entitled to receive, without payment of additional consideration, 1.05 Units per Special Warrant. Unless the Qualification Condition occurs, securities issued in connection with the Offering will be subject to a 4-month hold period from the date of issue.

The closing of the Offering is subject to the completion of formal documentation, including but not limited to, the execution of an agency agreement with the Agent in connection with the Offering and receipt of regulatory approvals, including approval of the CSE. All securities issued pursuant to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.

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2 years 3 months ago #117466 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Looked at that video of Foremost, certainly looks like nothing is there, but I suppose that is the whole purpose of it. FLT should do a video of one of their test flights

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2 years 3 months ago #117460 by RonS
RonS replied the topic: News, events about Drone Delivery Canada CSE:FLT
Here is some info on Foremost, re today's update

www.ccuvs.com/foremost-centre/

Together with the Village of Foremost, the Canadian Centre for Unmanned Vehicle Systems (CCUVS) has established the Foremost Centre for Unmanned Systems based out of the Foremost Aerodrome.
Foremost Alberta was strategically chosen as the location for the establishment of this innovative training and development centre for Unmanned Aircraft Systems (UAS) technology. Geographically the region has unique attributes that make it an ideal location for the operation, development and training for UAS.

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2 years 3 months ago #117452 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Good read, seems Drone Delivery is leading the way in Canada. I think their plan and approach is the right one. Long and strong!!

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2 years 3 months ago #117451 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Nice article in Calgary Herald on Drone Delivery

“Our clients foresee using this technology as part of their business logistics moving forward into the future,” DiBenedetto said. “Initially, we want to launch in rural Canada and then, over time, bring the technology closer to an urbanized area.”

calgaryherald.com/business/local-busines...roved-uav-test-range

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