1st Jun 2018 15:36
LONDON (Alliance News) - Draganfly Investments Ltd said on Friday it has entered binding heads of terms with an unnamed company which owns copper assets in Zambia to undertake a reverse takeover along with a placing of new shares in the enlarged group.
The transaction is currently in the process of due diligence, and Draganfly hopes to complete due diligence, achieve shareholder and admit the enlarged group to AIM during the second and third quarter of 2018.
Shares in Draganfly Investments are currently suspended, last traded at 0.26 pence.