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- Use of proceeds includes expansion into global markets and expansion of drone system inventory in response to changing regulatory and geopolitical environment, and investment into Arctic and remote operations infrastructure.
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- Policy signals from Canadian Federal Government (June 9, 2025, announcement on defense spending, NATO targets and domestic drone capabilities) and Canada’s Financial Commitment to Ukraine (June 17, 2025, $4.3 billion commitment, including logistics and defense-adjacent technologies) present various growth opportunities for the Company.
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TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has filed an offering document in connection with a non-brokered private placement of up to 20,000,000 units of the Company (the “Units”) at a price of $0.20 per Unit (the “Issue Price”) for gross proceeds of up to $4,000,000.00 (the “LIFE Financing”).
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Each Unit will be comprised of one common voting share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $0.30 per Warrant Share for a period of 36 months following the date of issuance.
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The Company intends to use the net proceeds of the LIFE Financing for expansion into global markets, investment into Artic and remote operations infrastructure, inventory, and general corporate and working capital purposes.
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The LIFE Financing is expected to close on or around June 26, 2025 or such other dates as the Company may decide (the “Closing Date”). The LIFE Financing is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange (“TSXV”), regulatory and other approvals. The LIFE Financing may be closed in multiple tranches.
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The Company may choose to pay eligible finders a cash fee of up to 6% of the gross proceeds of the LIFE Financing.
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This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
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Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). Since the LIFE Financing is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the LIFE Financing will not be subject to a hold period pursuant to applicable Canadian securities laws.
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