ASRCF ASHER RESOURCES

Drone Delivery Canada Announces Delay in Filing Interim Financial Statements

Toronto, Ontario--(Newsfile Corp. - August 31, 2020) - Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (FSE: A2AMGZ) (FSE: ABB.F) (the "Company" or "DDC") announces that it is relying on the exemption provided in Ontario Instrument 51-505 Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (and similar exemptions provided by other Canadian securities regulators) (the "Ontario Instrument") to postpone the filing of the following continuous disclosure documents (collectively, the "Documents"):

  • the Company's condensed interim consolidated financial statements for the six months ended June 30, 2020 and related certifications; and

  • the Company's MD&A for the six months ended June 30, 2020.

The Ontario Instrument provides the Company with an additional 45 days from the deadlines otherwise applicable under Ontario securities laws to make the respective filings (the "Extension Period"). Until the Company has filed the Documents, members of the Company's management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207. The Company expects to file the Documents on or before September 4, 2020. There have been no material business developments since the date of the last condensed interim financial statements of the Company, filed on June 1, 2020 which have not otherwise been disclosed on SEDAR .

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 under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .

Read more about the Company at: or on DDC's social media:

For further information:

Investor Relations: Mr. Michael Zahra, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: ;

Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email:

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.

To view the source version of this press release, please visit

EN
31/08/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ASHER RESOURCES

 PRESS RELEASE

Volatus Aerospace Appoints CTO to Accelerate Sovereign Autonomy and De...

Volatus Aerospace Appoints CTO to Accelerate Sovereign Autonomy and Defence Capabilities MONTREAL, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F) (“Volatus” or the “Company”), a next-generation, Canadian aerospace and defence company delivering dual-use uncrewed systems, aerial intelligence, and mission-critical operational services, today announced the appointment of Krish Srinivasan as Chief Technology Officer (CTO), expanding its Executive Leadership Team. The appointment strengthens and aligns Volatus’ engineering and autonomy leaders...

 PRESS RELEASE

Volatus Aerospace nomme le CTO pour accélérer l'autonomie souveraine e...

Volatus Aerospace nomme le CTO pour accélérer l'autonomie souveraine et les capacités de défense MONTRÉAL, 23 févr. 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV : FLT) (OTCQB : TAKOF) (FSE : ABB. F) (« Volatus » ou la « Compagnie »), une entreprise canadienne de nouvelle génération dans l'aérospatiale et la défense fournissant des systèmes non habités à double usage, du renseignement aérien et des services opérationnels critiques, a annoncé aujourd'hui la nomination de Krish Srinivasan au poste de chef de la technologie (CTO), élargissant ainsi son équipe de direction exécutive. ...

 PRESS RELEASE

Volatus Aerospace Inc. Announces Investor Briefing on Canada’s Defence...

Volatus Aerospace Inc. Announces Investor Briefing on Canada’s Defence Industrial Strategy and Operational Readiness in Sovereign Uncrewed Systems and Provides Corporate Update MONTRÉAL, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT | OTCQX: TAKOF | FSE: ABB) (“Volatus” or the “Company”), a Canadian-controlled aerospace and defence platform delivering dual-use uncrewed systems, aerial intelligence, and mission-critical operational services, today announced it will host a virtual investor briefing to discuss Canada’s Defence Industrial Strategy and its implications fo...

 PRESS RELEASE

Volatus Aerospace Inc. annonce un briefing aux investisseurs sur la st...

Volatus Aerospace Inc. annonce un briefing aux investisseurs sur la stratégie industrielle de défense du Canada et sa préparation opérationnelle dans les systèmes souverains non habités, et fournit une mise à jour corporative MONTRÉAL, 19 févr. 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV : FLT | OTCQX : TAKOF | FSE : ABB) (« Volatus » ou la « Compagnie »), une plateforme aérospatiale et de défense contrôlée par le Canada offrant des systèmes non habités à double usage, du renseignement aérien et des services opérationnels critiques, a annoncé aujourd'hui qu'elle organisera un br...

 PRESS RELEASE

Volatus Aerospace Inc. Highlights Established Infrastructure, Financia...

Volatus Aerospace Inc. Highlights Established Infrastructure, Financial Readiness, and Operational Execution Following Canada’s Defence Industrial Strategy MONTREAL, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT | OTCQX: TAKOF | FSE: ABB) (“Volatus” or the “Company”), a Canadian-controlled aerospace and defence platform delivering dual-use uncrewed systems, aerial intelligence, and mission-critical operational services, today welcomed the Government of Canada’s release of Canada’s Defence Industrial Strategy (“DIS”), describing it as a structural shift toward soverei...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch