Drone Delivery Canada Grants Stock Options

August 30, 2019 6:16 PM

TORONTO, Aug. 30, 2019 (GLOBE NEWSWIRE) -- Drone Delivery Canada Corp. (“DDC or the Company”) (TSX.V:FLT, OTC – NASDAQ INTL:TAKOF, FRANKFURT: ABB) announces that it has granted an aggregate of 5,375,000 options to purchase common shares of the Company exercisable at a price of $1.00 per share for a period of five years to certain directors, officers, consultants and employees. The options are subject to a vesting period released 1/3 every six months from the date of grant pursuant to the terms of the stock option plan of the Company.

For more information, please visit www.dronedeliverycanada.com.

About Drone Delivery Canada

Drone Delivery Canada 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 Software as a Service (SaaS) for government and corporate organizations.

Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTCQB market with Nasdaq International Designation under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ.

For further information, please contact:

Richard Buzbuzian, Capital MarketsTelephone: (647) 501-3290Email: richard@dronedeliverycanada.com

Bill Mitoulas, Investor RelationsTelephone: (416) 837-7147Email: billm@dronedeliverycanada.com

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.

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Source: Drone Delivery Canada

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