Drone Delivery Canada Announces Closing of Private Placement Offering for Gross Proceeds of $10,900,400

Toronto, Ontario–(Newsfile Corp. – February 28, 2017) – Drone Delivery Canada Corp. (CSE: FLT) (“DDC” or the “Company”), is pleased to announce, further to its news releases dated February 6, and February 23, 2017, that it has completed its previously announced private placement offering of special warrants (the “Special Warrants”), issuing an aggregate of 31,144,000 Special Warrants at a price of $0.35 per Special Warrant for aggregate gross proceeds of $10,900,400, which includes the exercise by GMP Securities L.P. (“GMP”), as sole lead agent, of its option for an additional 1,144,000 Special Warrants.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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