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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (20413)	3/29/2017 9:50:08 AM
From: Goose94	Read Replies (1) \| Respond to of 203027

Deveron UAS (DVR-Cse) March 29, '17 is pleased to announce that it has retained First Republic Capital Corporation (the "Agent") to act as lead agent in connection with a best efforts brokered private placement to raise gross proceeds of up to $1,050,000 through the issuance of up to 3,000,000 units of the Company (the "Units") at a price of $0.35 per Unit (the "Offering"). Each Unit consists of one common share in the capital of the Company (a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share of the Company (a "Warrant Share") at a price of C$0.50 per Warrant Share for a period of 18 months after the closing of this Offering. In addition, the Company has granted the Agent an over-allotment option to sell up to an additional 5,000,000 Units for aggregate proceeds of $1,750,000, exercisable at any time up to date of the closing of the Offering. In connection with the Offering, the Agent will be entitled to a corporate finance fee in an amount equal to 2% of the aggregate gross proceeds of the Units sold and a sales commission equal to 7% of the aggregate gross proceeds of the Units sold. In addition, as additional compensation, the Company will issue to the Agent corporate finance warrants entitling the Agent to purchase a number of Common Shares equal to 2% of the aggregate number of Units sold and selling compensation warrants entitling the Agent to purchase a number of Common Shares equal to 7% of the aggregate number of Units sold, at an exercise price of $0.35 per compensation warrant for 18 months from the date of closing. The Company expects closing to be on or before April 12, 2017. Net proceeds of the Offering will be used by the Company to further the business of the Company and for general working capital purposes. About Deveron UAS: Deveron is an enterprise drone data services company focused on agriculture, offering the opportunity to increase yields and reduce costs using sophisticated Unmanned Aerial Systems ("UAS" or "drones"), sensors, software and analytics. Deveron's drone data service network allows enterprise level customers to obtain on-demand, actionable data without exposure to technology and capital risks. The Company is focused on building a standardized constellation of drones and sensors to provide data in North America. For more information and to join our community, please visit www.deveronuas.com or contact: David MacMillan President & CEO Deveron UAS Corp. 416-367-4571 ext. 226 dmacmillan@deveronuas.com