Vancouver, British Columbia - Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading systems developer within the commercial Unmanned Aerial Vehicle (“UAV”) and the Unmanned Vehicle Systems (“UVS”) industry, is pleased to announce that it has entered into a letter of intent (the “LOI”) with Global UAV Technologies Inc. (“Global UAV”) to acquire (the “Proposed Transaction”) two-wholly owned subsidiaries, being Pioneer Aerial Surveys Ltd. and High Eye Aerial Imaging Inc. (the “Global UAV Subsidiaries”). The Proposed Transaction, if completed, will constitute a fundamental change of Global UAV within the meaning of the policies of the Canadian Securities Exchange Inc. (the "CSE") and will be subject to approval by the shareholders of Global UAV.
Cameron Chell, Chairman and CEO, stated, "Pioneer Aerial and High Eye Aerial are premier aerial service providers in the mining industry. With the increase in global mining activity and the anticipated regulatory clarity of being able to deploy Beyond Visual Line Of Sight use of drones in the mining industry, we see an exponential growth opportunity for Draganfly to become the #1 or #2 global provider of aerial and data services in the mining industry".
Material Terms of the Agreement
About the Global UAV Subsidiaries
Pioneer Aerial Surveys is leading the industry in UAV remote sensing for mineral exploration, mine site surveys, agricultural and forestry related services and safety inspections and developing the first UAV-MAG™ system on the market and have deployed it in mineral exploration and unexploded ordinance surveys. Pioneer Aerial Surveys pushes the limits and capabilities of remote sensing in the exploration industry for our global client list including major, mid tier, and junior mining and exploration clients. High Eye Aerial Imaging is committed to providing high quality aerial images from a unique perspective that cannot be obtained by aircraft. High Eye specializes in LiDAR data acquisition.
Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge, unmanned vehicle systems and software that revolutionizes the way people do business. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer within the commercial UAV and UVS 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.
For more information on Draganfly, please visit us at: www.draganfly.com. For additional investor information, visit www.thecse.com searching DFLY or visit https://www.boerse-frankfurt.de/ searching 3U8.