Drone Delivery Canada's Moose Cree First Nation Project Receives First Conditional Funding Approval

Dec 10, 2019 - 5 years ago

Drone Delivery Canada Corp. (TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is pleased to announce that on December 3rd, DDC's Moose Cree First Nation's project received the first conditional approval for one of its funding applications, which, subject to entering into a definitive agreement and satisfying any conditions imposed by the funder, would enable Moose Cree First Nation's Remote Communities Initiative to pay DDC for its drone delivery service scheduled for implementation in Q1, 2020.

"As 2019 comes to a close, I am pleased to report the first financial approval for one of many remote community opportunities we are pursuing," said Michael Zahra, President & CEO of DDC. "Looking ahead to 2020, DDC will actively seek to close more customers in many different business verticals both in Canada and abroad".

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 with Nasdaq International Designation under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ.

Source: Drone Delivery Canada