Deveron Announces Closing of Second Tranche of Private Placement

Toronto, Ontario – Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) a leading agriculture digital services and insights provider in North America is pleased to announce the closing of a second and final tranche (see press release dated, April 7, 2020) of a non-brokered private placement (the “Offering”) of units (“Units”).  This final tranche was completed at a price of $0.10 per Unit for gross proceeds of $700,000 and a total of 7,000,000 Units issued.  Combined with the first tranche, Deveron issued a total of 13,550,000 Units for aggregate gross proceeds of $1,355,000 in connection with the Offering.

“We are pleased to see the additional interest in our growth plan and strategy,” commented David MacMillan, Deveron’s President and CEO.  “With this investment round now complete, we are excited to execute and continue to build relationships with new customers both here in Canada and the United States.  Our team has identified a number of opportunities to grow our footprint, which we are looking forward to communicating in the near future.”

Read the full Press Release