Under its new business, Deveron UAS, Toronto, Ontario-based Deveron Resources Ltd. says it will be using its newly granted Special Flight Operations Certificate (SFOC) from Transport Canada to operate unmanned aerial vehicles (UAVs) for surveying agricultural land in rural areas.
Deveron says it will be operating under a standing SFOC, which allows the company to operate on an annual basis, rather than a per-flight basis. Deveron UAS’ services are targeted at farmers, agricultural retailers and independent agronomists.
Separately, Deveron intends to complete a non-brokered private placement financing of up to 4 million units at a price of $0.20/unit for gross proceeds of up to $800,000.
The company plans to use the net proceeds from the offering for general working capital purposes. Certain insiders of the company may participate in the offering.
Norm Lamothe, Deveron’s head of agriculture, says, “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.”