Draganfly Investments Ltd Transaction Update (0802Q)
01 6월 2018 - 11:16PM
UK Regulatory
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
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