Delta Drone International to Expand Its Australian Drone-Based Services Through Acquisition of Arvista Pty Ltd - Seite 4

The conditions precedent to the Initial Transaction are as follows:

• No material adverse effects occurring in relation to Arvista, its assets or the Initial Transaction;

• DLT’s due diligence in relation to Arvista;
• Key employee agreements being fully executed;
• Release of all encumbrances in relation to Arvista and its assets; and

• Settlement of loans to, and termination of certain agreements with, Entech Pty Ltd (with whom Arvista has current business arrangements).
  
  

This announcement has been authorised for release by the Board of Delta Drone International Limited.

-ENDS-

For more information, please contact:

Corporate
Stephen Buckley Company Secretary
[phone]

Investors
Eric Kuret, Executive Director @ Market Eye P: [phone]
E: [e-mail]

Media
Tristan Everett, Director @ Market Eye P: [phone]
E: [e-mail]

About Delta Drone International

Delta Drone International is a multinational drone-based data service and technology solutions provider for the mining, agricultural and engineering industries. It provides aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through a fully- outsourced service with AI and fast data turnaround that allows enterprise customers to focus on operations on the ground while Delta Drone International takes care of everything in the air.

It has in-house enabling proprietary technology, an R&D and integration centre and specialist expertise in designing, developing and providing best-in-class autonomous safety systems for commercial drone deliveries, drone flights for crowd monitoring and in urban areas, as well as ‘beyond visual line of sight’ (BVLOS) missions.

For more information, please visit https://www.dlti.com.au/

Attachment

• 20210816_PR_Arvista