Drone Supply Canada Broadcasts Delay in Submitting Interim Monetary Statements – Drones Information

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Drone delivery Canada Condor

Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (FSE: A2AMGZ) (FSE: ABB.F) (the “Company” or “DDC”) announces that it relies on the exception provided in Ontario Instrument 51 -505 Temporary Exemption from certain corporate finance requirements with deadlines between June 2 and August 31, 2020 (and similar exemptions from other Canadian securities regulators) (the “Ontario Instrument”) to postpone filing of the following on-going disclosure documents ( together the “documents”):

  • the company’s abridged interim consolidated financial statements for the half-year ended June 30, 2020 and the associated certifications; and
  • the company’s MD&A for the six months ended June 30, 2020.

The Ontario Instrument will allow the Company an additional 45 days from any time otherwise under the securities laws of Ontario to make the appropriate filings (the “Renewal Period”). Until the company has filed the documents, members of the company’s management and other insiders are subject to a trading failure that reflects the principles contained in Section 9 of National Policy 11-207. The Company expects the documents to be filed on or before September 4, 2020. No material business developments have occurred since the date of the company’s most recent condensed interim financial statements filed on June 1, 2020 that are not otherwise published on SEDAR www.sedar.com.

About Drone Delivery Canada Corp.

Drone Delivery Canada Corp. is a drone technology company focused on the design, development and implementation of its proprietary logistics software platform using drones. The company’s platform is used as a Software as a Service (SaaS) model for government and corporate organizations worldwide.

Drone Delivery Canada Corp. is a publicly traded company trading on the TSX.V Exchange under the symbol FLT, on the US OTC Q B market under the symbol TAKOF and on the Frankfurt Stock Exchange in Germany under the symbol A2AMGZ or ABB.F.

For more information about the company, visit: www.DroneDeliveryCanada.com

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