Deveron Resources Ltd. (TSX-V: DVR) (“Deveron” or the “Company”), is pleased to announce that it has been granted its Special Flight Operations Certificate (“SFOC”) from Transport Canada. The SFOC permits Deveron to operate small Unmanned Aerial Vehicles (“UAV”) for the purpose of surveying agricultural land in rural areas.
Deveron will be operating under a standing SFOC which allows the company to operate on an annual basis rather than a per flight basis. To use a UAV for work or research in Canada, companies are legally required to hold an SFOC. The Company views responsible and safe operations as a cornerstone to the development of the UAV service business in Canada. “We are pleased to gain our annual exemption from Transport Canada for 2016.” commented Deveron’s Head of Agriculture, Norm Lamothe. “Deveron is setting the standard for responsible operations in Canada in the years ahead. In anticipation of receiving the SFOC, Deveron has built a network of licensed pilots who will be situated strategically across the key agricultural areas of Ontario during the 2016 growing season.”
Drones are transforming the way data collection and analysis are conducted on a farm. Deveron uses industry leading hardware, camera, sensor and software technologies to collect crop data and provide actionable data to farmers. Images can be used with existing farm GIS software for variable rate fertilizing, seeding, pesticide applications and other prescription management solutions to ultimately help farmers increase yields and reduce costs.
Separately, Deveron intends to complete a non-brokered private placement financing of up to 4,000,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of up to $800,000 (the “Offering”).