TORONTO, June 27, 2016 /CNW/ - The Sky Guys Ltd., Canada's leader in drone or Unmanned Aerial Vehicle (UAV) enabled services and aerial photography, announced today it closed an initial $350,000 private placement through the issuance of 3,500,000 common shares at a price of $0.10 per common share. The proceeds of the private placement will be used to accelerate new development projects and for general working capital purposes.
Adam Sax, President and CEO, stated, "We are pleased our initial capital raise was oversubscribed. Investors clearly recognized the value of our reputation, technology, expertise and leadership team in place. We have had an incredible year already working with new industries and diversifying our technology applications. This initial capital raise will enable us to continue to be leaders in the field with innovative projects, expand our offices and services and launch our highly anticipated UAV School."
The Sky Guys Ltd., a private company based in Ontario employs state of the art drone, video and camera technology. With over 12,000 logged flights, 4,485 total flight hours, over 500 clients and offices across the county, The Sky Guys are Canada's drone experts.
"From commercial and residential real estate to oil and gas, manufacturing, travel and tourism, mapping and surveying, infrastructure, sports and events, drone aerial photography and video is transforming virtually every sector of business," Sax continued, "New software is also changing the cost valuations for many industries – what used to take weeks to produce and thousands of dollars to complete can now be done at a fraction of the cost and time. It's an exciting time for our Company and as industry leaders we look forward to continuing to innovate, disrupt and grow. On behalf of The Sky Guys team, we welcome our new shareholders."
About The Sky Guys
The Sky Guys Ltd. is an early mover in the UAV / Drone business. Through its brilliant group of engineers, The Sky Guys deliver the newest and most advanced technology positioning the Company as a leader in the UAV business. Unique to the UAV business, The Sky Guys have an integrated approach that encompasses sales, manufacturing and distribution, licensing and a soon to be launched UAV School. Since its founding in the Spring of 2015, the Company has established a large and loyal national customer base from varied industries including commercial and residential real estate, oil and gas, manufacturing, construction and engineering, infrastructure, travel and tourism, sports and events, mapping and surveying, golf courses, high rises and condos and weddings. Based in Ontario and with offices across the country, The Sky Guys serve national clients from coast to coast.
SOURCE The Sky Guys
Image with caption: "The Sky Guys (CNW Group/The Sky Guys)". Image available at: http://photos.newswire.ca/images/download/20160627_C4072_PHOTO_EN_720335.jpg
For further information: Media Enquiries: Sara MacIntyre, 647 334 8054; For further information on The Sky Guys, visit www.theskyguys.ca, Adam Sax, President and CEO at 866 895 7466, x 101 or [email protected]; Denis Clement, Director at 647 295 7830 or [email protected]