Drone Delivery Announces Submission of Amendments to Articles and Article Notifications

Toronto, Ontario-(Newsfile Corp.-June 15, 2022)-Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (FSE: A2AMGZ) (FSE: ABB) (“Company” Also “DDC“) Submitted amendments to the Articles and Article Notices to implement the Variable Voting System by creating two new types of shares, Variable Voting Shares and Common Stock, as follows: I will inform you. Business corporation law Addresses a variety of issues and other issues related to (British Columbia), and the new variable voting system.

As disclosed in the Management Information Circular dated April 5, 2022 (“Circular“), Amendments to the company’s terms will allow the company to continue to meet Canadian ownership requirements. Canada Transport Law (“”Activities“), Based on Article 61 of the Act to obtain a license for domestic aviation services to transport cargo using aircraft. The amendment is the annual meeting held on May 11, 2022. And approved by our shareholders at a special meeting (“”meeting“). For more information, see Circular under Company Profile at SEDAR on www.sedar.com.

This amendment requires the company to comply with Canadian ownership requirements under the law and obtain a permanent license from the Canadian Department of Transportation for the provision of domestic aviation services.

Common stock and variable voting stock will begin trading on the TSX Venture Exchange around June 21, 2022, under the Company’s current stock symbol “FLT”. To replace the previous CUSIP number, new CUSIP numbers for common and variable voting shares have been acquired. Letter of transmittal( “Letter of transmittal“) A notice was mailed to the shareholders regarding the delivery of the certificate used to exchange the certificate representing common stock for common voting and variable voting stock. The cover page was sent by the registered shareholders to the common stock. It contains instructions on how to exchange the certificate. The cover page is properly filled out and returned with a certificate representing common stock and all other necessary documents, and each registered shareholder. Can obtain a certificate representing the same number of common stock and variable voting shares. In the name of a shareholder broker, investment dealer, bank, trust company, or other candidate in which the common stock is registered, that candidate. You need to contact us for help.

In addition, a proposal to revise the conditions of our stock option system (“plan“) Was approved at the meeting. The plan was conditionally approved by the TSX Venture Exchange on March 31, 2022.

About Drone Delivery Canada Corp.

Drone Delivery Canada Corp. is an ISO 9001 certified award-winning drone technology company focused on designing, developing and implementing a unique logistics software platform using drones. Our platform is used as a software as a service (SaaS) model for government and corporate organizations around the world.

Drone Delivery Canada Corp. is a listed company traded on the TSX.V exchange under the FLT symbol, on the US OTC QX market under the TAKOF symbol, and on the Frankfurt Stock Exchange in Germany under the A2AMGZ or ABB.F symbol. is.

For more information, please visit www.DroneDeliveryCanada.com or DDC’s social media.






For more information:

Investor public relations: Chief Executive Officer Steve Magirias and Bill Mitoulas, Phone: (416) 479-9547, Email: billm@dronedeliverycanada.com

Public relations window to the media: Mr. Nelson Hudes, Hudes Communications International, Phone: (905) 660-9155, Email: nelson@hudescommunications.com

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Notice regarding future prospects

The specific information contained in this news release may contain forward-looking information, including known and unknown substantive risks and uncertainties. Such statements often address expected future business and financial performance, financial condition, and other matters, and are “expected,” “potential,” “can,” and “believe.” It often contains words or phrases such as “predict” and “estimate.” “Goal”, “Goal”, “Will”, and other similar expressions, and variations or negatives of these words or phrases. Information about this future outlook is subject to many risks and uncertainties. Some of them are beyond our control (both Canadian and international), including general economic conditions, industry conditions, market acceptance, and reliance on regulatory approvals. The reader believes that the assumptions used to create such information are reasonable at the time of creation, but may turn out to be inaccurate, so the information about the future outlook is excessive. Keep in mind that trust should not be placed. Except as required by applicable securities law, neither party is obligated to update any forward-looking information as a result of new information, future events, etc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127967.

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