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 Inc. to Present at the 2025 Cantech Letter Investmen...

Volatus Aerospace Inc. to Present at the 2025 Cantech Letter Investment Conference in Toronto MONTREAL, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F), a Canadian leader in aerial intelligence and unmanned aircraft systems, is pleased to announce its participation at the upcoming Cantech Letter Investment Conference on Thursday, October 9, 2025 in Toronto, Ontario. Volatus CEO Glen Lynch and CFO Abhinav Singhvi will be attending the conference, where they will deliver a presentation to investors and engage in one-on-one meetings through...

 PRESS RELEASE

Volatus Aerospace and VoltaXplore Sign LOI for Canadian-Made Battery S...

Volatus Aerospace and VoltaXplore Sign LOI for Canadian-Made Battery Supply to Power Next-Gen Drones MONTREAL, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F), a Canadian leader in aerial intelligence and unmanned aircraft systems, and VoltaXplore Inc., a high-performance lithium-ion battery manufacturer and subsidiary of NanoXplore Inc. (TSX: GRA) (OTCQX: NNXPF), are pleased to announce the signing of a Letter of Intent (the “LOI”) for the future supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. ...

 PRESS RELEASE

Volatus Aerospace et VoltaXplore signent une lettre d’intention pour l...

Volatus Aerospace et VoltaXplore signent une lettre d’intention pour l’approvisionnement en batteries canadiennes destinées aux drones de prochaine génération MONTRÉAL, 30 sept. 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV : FLT) (OTCQB : TAKOF) (FSE : ABB.F), un chef de file canadien dans le domaine de l’intelligence aérienne et des systèmes d’aéronefs sans pilote, et VoltaXplore Inc., un fabricant de batteries lithium‑ion haute performance et filiale de NanoXplore Inc. (TSX : GRA) (OTCQX : NNXPF), sont heureux d’annoncer la signature d’une lettre d’intention (la « LOI ») concer...

 PRESS RELEASE

Volatus Aerospace Expands NATO ISR drone order to $1.7M and Commences ...

Volatus Aerospace Expands NATO ISR drone order to $1.7M and Commences Deliveries TORONTO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB), a Canadian leader in aerial intelligence and cargo solutions, is pleased to announce that the tactical intelligence, surveillance, and reconnaissance (ISR) drone contract disclosed on August 5, 2025, has been expanded by an additional C$700,000, bringing the total contract value to approximately C$1.7 million, at gross margins in line with the Company’s standard defense sector equipment delivery. Deli...

 PRESS RELEASE

Volatus Aérospatial étend la commande de drones ISR de l'OTAN à 1,7 mi...

Volatus Aérospatial étend la commande de drones ISR de l'OTAN à 1,7 million $ et commence les livraisons TORONTO, 23 sept. 2025 (GLOBE NEWSWIRE) -- Volatus Aérospatial Inc. (TSXV : FLT) (OTCQX : TAKOF) (Francfort : ABB), un chef de file canadien dans le renseignement aérien et les solutions de fret, est heureux d'annoncer que le contrat de drones pour le renseignement tactique, la surveillance et la reconnaissance (ISR) annoncé le 5 août 2025 a été élargi de 700 000 dollars canadiens, portant la valeur totale du contrat à environ 1,7 million de dollars canadiens, avec des marges brutes co...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch