DRG Draganfly

TIDMDRG

RNS Number : 0802Q

Draganfly Investments Ltd

01 June 2018

Draganfly Investments Limited

("Draganfly" or the "Company")

1 June 2018

Transaction Update

Further to the announcement of 22 March 2018, Draganfly Investments Limited is pleased to announce that it has entered into binding heads of terms with a private entity owning copper exploration and development assets in Zambia, to undertake a reverse takeover in conjunction with a placing of new shares in the enlarged group.

Due diligence is underway and the Company hopes to announce exchange of contracts and the fundraising, which are subject, inter alia, to successful completion of due diligence, shareholder approval and admission to AIM, during Q2/Q3 2018, at which point the Company will apply for the suspension of trading of the Company's shares on AIM to be lifted.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament and of the Council.

For further information please contact:

Luke Bryan +44 (0) 7786 929 966

Dennis Edmonds +44 (0) 7796 338 372

Nick Josh

Cornhill Capital Limited (Broker) +44 (0) 20 3700 2500

Tom Price/Jamie Spotswood

   Northland Capital Partners (Nominated Adviser)                          +44 (0) 20 3861 6625 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

STRUGUCGQUPRGCG

(END) Dow Jones Newswires

June 01, 2018 10:16 ET (14:16 GMT)

Draganfly (LSE:DRG)
Historical Stock Chart
From May 2024 to Jun 2024

Draganfly (LSE:DRG)
Historical Stock Chart
From Jun 2023 to Jun 2024