Conference Call and Webcast Information
In conjunction with this release, there will be a webinar on Tuesday May 21st, 2024, at 8:30 AM EST at which time Steve Magirias, CEO of Drone Delivery Canada and Glen Lynch, CEO of Volatus, will review the transaction with Danielle Gagne, Head of Marketing and Corporate Communications of Volatus as moderator. Investors are invited to register for the webinar here.
https://us06web.zoom.us/webinar/register/WN_h-5etgGwQ6G5y3S_Xirz4A
Audio Replay Options
An audio replay of the event will be archived on the companies' respective Investor Relations pages.
About Volatus Aerospace
Volatus is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through Volatus' subsidiary, Volatus Aviation, it is introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance.
For more information, please visit www.VolatusAerospace.com.
About Drone Delivery Canada Corp.
Drone Delivery Canada is an award-winning drone technology company focused on the design, development, and implementation of its proprietary logistics software platform using drones. Drone Delivery Canada's platform is intended to be used as a Software as a Service (SaaS) model for government and corporate organizations globally.
For more information, please visit www.DroneDeliveryCanada.com and connect with Drone Delivery Canada on its social media channels: LinkedIn, Facebook, YouTube, Instagram and X
Forward-Looking Information
Certain information contained in this news release may constitute forward-looking information, forward-looking statements and future-oriented financial information within the meaning of applicable securities legislation (collectively "forward-looking statements"). Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. Forward-looking statements may be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "indicates", "forecasts", "intends", "anticipates", "believes", "may", "could", "should", "would", "plans", "proposed", "potential", "will", "target", "approximate", "continue", "might", "possible", "predicts", "projects" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this news release may include but are not limited to: (i) statements about Volatus' or Drone Delivery Canada's ability to effectuate the Merger; (ii) the anticipated benefits and value to shareholders and timing of the Merger; (iii) the future financial performance of the combined company; (iv) the business plans, expectations, and goals of the combined company; (v) statements and expectations regarding the Offering, including but not limited to, the timing of closing of the Offering, expected gross proceeds of the Offering, expectations regarding subsequent tranches with respect to the Offering and the use of proceeds of the Offering; (vi) expected timing of the Volatus and Delivery Drone Canada shareholders meetings; (vii) expectations regarding the number of Drone Delivery Canada Shares to be issued in connection with the Merger and reservation of Drone Delivery Canada Shares for issuance upon exercise of Volatus options and Volatus warrants; (viii) participation by holders of Debentures in any financings completed by Volatus; and (ix) expectations for other economic, business, and/or competitive factors with respect to the Merger and the combined company. These forward-looking statements are based on information available as of the date of this news release, and the current expectations, forecasts, assumptions, views and beliefs of management of each of Volatus and Drone Delivery Canada, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Volatus, Drone Delivery Canada or the combined company, as applicable, to differ materially from those expressed or implied by the forward-looking statements. Some factors that could cause actual results to differ include: (i) the inability to complete the Merger due to the failure to obtain the approval of the TSXV, shareholders of each of Volatus and Drone Delivery Canada or the court; (ii) the risk that the Merger disrupts current plans and operations of Volatus or Drone Deliver Canada; (iii) the ability to recognize the anticipated benefits of the Merger; (iv) unexpected costs related to the Merger; (v) the management and board composition of the combined company following completion of the Merger; (vi) the commercialization of drone flights beyond visual line of sight and potential benefits to Volatus and Drone Delivery Canada; (vii) geopolitical risk and changes in applicable laws or regulations; (viii) operational risks; (ix) meeting the continued listing requirements of the TSXV; * the inability to complete the Offering on the terms expected; (xi) unexpected costs or risks related to the Offering; and (xii) other factors set forth in Volatus' and Drone Delivery Canada's respective Annual Information Forms under the section "Risk Factors". Although Volatus and Drone Delivery Canada have attempted to identify important factors and that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Readers are cautioned that forward-looking statements are not based on historical facts but instead reflect expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. The forward-looking statements contained herein are made as of the date of this news release. Accordingly, forward-looking statements should not be relied upon as representing Volatus' or Drone Delivery Canada's views as of any subsequent date, and except as expressly required by applicable securities laws, Volatus and Drone Delivery Canada disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on these forward-looking statements. Any and all forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
None of the securities to be issued pursuant to the transaction have been or will be registered under the U.S. Securities Act, or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to purchase or a solicitation of an offer to sell securities.
Shareholders of Volatus and Drone Delivery Canada are advised to review any documents that may be filed with securities regulatory authorities and any subsequent announcements because they will contain important information regarding the Merger and the terms and conditions thereof.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Drone Delivery Canada Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/21/c0775.html
/CONTACT:
Glen Lynch, Chief Executive Officer, Volatus Aerospace Corp., glen.lynch@volatusaerospace.com; Steve Magirias, Chief Executive Officer, Drone Delivery Canada Corp., steve.magirias@dronedeliverycanada.com; Danielle Gagne, Head of Marketing and Communications, Volatus Aerospace Corp., danielle.gagne@volatusaerospace.com
Copyright CNW Group 2024
(END) Dow Jones Newswires
May 21, 2024 07:00 ET (11:00 GMT)
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