TORONTO, Dec. 10, 2019 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is
pleased to announce that on December
3rd, DDC's Moose Cree First Nation's project
received the first conditional approval for one of its funding
applications, which, subject to entering into a definitive
agreement and satisfying any conditions imposed by the funder,
would enable Moose Cree First Nation's Remote Communities
Initiative to pay DDC for its drone delivery service scheduled for
implementation in Q1, 2020.
"As 2019 comes to a close, I am pleased to report the first
financial approval for one of many remote community opportunities
we are pursuing," said Michael
Zahra, President & CEO of DDC. "Looking ahead to
2020, DDC will actively seek to close more customers in many
different business verticals both in Canada and abroad".
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 will be used as a Software as a Service (SaaS)
model for government and corporate organizations globally.
Drone Delivery Canada Corp. is a publicly listed company trading
on the TSX.V Exchange under the symbol FLT, on the U.S. OTC Q B
market with Nasdaq International Designation under the symbol TAKOF
and on the Frankfurt exchange in
Germany under the symbol
A2AMGZ.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice Regarding Forward Looking Information
Certain information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. This forward-looking information
is subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, the impact of general economic conditions, industry conditions,
and dependence upon regulatory approvals (both in Canada and internationally). Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward looking information. The parties
undertake no obligation to update forward-looking information
except as otherwise may be required by applicable securities
law.
SOURCE Drone Delivery Canada