Latest news with #SK
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Draganfly Announces Closing of US$25.0 Million Registered Direct Offering
Saskatoon, SK., July 21, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ('Draganfly' or the 'Company'), an award-winning developer of drone solutions, software, and robotics, today announced the closing of its previously announced registered direct offering of 4,672,895 units of the Company (the ' Units '), at a price of US$5.35 per Unit, for gross proceeds of approximately US$25.0 million, before deducting placement agent discounts and offering expenses (the ' Offering '). Each Unit consists of one common share in the capital of the Company (each, a ' Common Share ') and one common share purchase warrant (each, a ' Warrant '). The Warrants entitle the holder thereof to purchase one Common Share at an exercise price of CA$7.3579 (the Canadian dollar equivalent of US$5.35) per Common Share, are exercisable immediately and will expire five years following the date of issuance. Maxim Group LLC acted as sole placement agent for the Offering. Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company's core products, potential acquisitions and research and development. The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (' SEC ') on July 5, 2023 and the Company's Canadian short form base shelf prospectus dated June 30, 2023 (the ' Base Shelf Prospectus '). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof was filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at as applicable. Copies of the prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16 th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Draganfly Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives. Media Contact media@ Company Contact Cameron Chell, Chief Executive Officer Tel: (306) 955-9907 Email: info@ Forward Looking Statements Certain statements contained in this news release may constitute 'forward-looking statements' or 'forward-looking information' within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds of the Offering. These forward looking statements are subject to numerous factors, many of which are beyond Draganfly's control, including but not limited to, those important factors disclosed previously and from time to time in Draganfly's filings with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and with the SEC. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws. Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly's continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at and on EDGAR at
Korea Herald
2 days ago
- Business
- Korea Herald
SK Group chief, OpenAI CEO discuss AI cooperation in San Francisco meeting
Chey Tae-won, chairman of South Korea's SK Group, recently met with OpenAI chief executive officer Sam Altman in San Francisco to discuss potential collaboration on artificial intelligence infrastructure and broader strategic partnerships, according to industry sources Monday. Chey visited OpenAI's headquarters in San Francisco in early July and held talks with Altman, marking their first meeting since their last one in Seoul five months ago, the sources said. The two business leaders previously met in February during a closed-door OpenAI workshop event in Seoul. They have maintained a close relationship, having met several times since January 2024. Although specific details of their latest meeting were not disclosed, discussions are believed to have covered SK's ongoing efforts to collaborate with OpenAI on expanding the AI semiconductor ecosystem and boosting AI infrastructure. The meeting may have also covered updates on SK hynix's high-bandwidth memory supply and SK Telecom's AI data center initiatives. Chey also reportedly extended a personal invitation to Altman to attend the upcoming Asia-Pacific Economic Cooperation CEO Summit, which will be held in October in Gyeongju, South Korea. (Yonhap)
Scoop
4 days ago
- Politics
- Scoop
Ex-Rebel Leader ‘General' Kauona Is Brimming With Confidence In Bougainville Presidential Race
Article – RNZ The former Bougainville Revolutionary Army leader says, 'This time, I'm going to win. I'm confident.'17 July 2025 , RNZ Pacific Senior Journalist Sam Kauona, a former leader of the Bougainville Revolutionary Army (BRA), wants to become president of the autonomous Papua New Guinea region. Bougainville is immersed in political campaigning as it prepares to choose 46 MPs from 404 candidates in elections shceduled for the first week of September. Seven people are contesting the presidency, including Kauona and his former BRA colleague, the incumbent President Ishmael Toroama. Kauona, who styles himself as 'General' Kauona, has in recent years been more focussed on developing a potential new gold mine, but now he wants the presidency. He ran unsuccessfully in 2020, but this time, he told RNZ Pacific, he is brimming with confidence. (This transcript has been edited for brevity and clarity.) SAM KAUONA: This time, I'm going to do it. I'm going to get the seat. I'm going to win. I am confident. DON WISEMAN: Why? Given that you didn't do that well last time? SK: Because the government, for the last five years, did not achieve what Bougainvilleans, what we, wanted. They were concentrating on one option only. That's why it wasted the last five years, and we did not achieve anything. DW: And we're talking here about independence? SK: Oh yes. That's the only agenda for Bougainville – independence. There are many approaches that we can consider. One, there is an option in which we can work with Papua New Guinea, and there's an option that we negotiate. You know, it varies. So this government, they went for the option of negotiating for ratification [of the 2019 independence referendum]. They did not achieve what Bougainville wanted. DW: Well, what do you think they should have done? And what would you do? SK: Well, to me, I would go to exercising those powers and function that will make Bougainville realise its independent, meaning to say those powers and functions that concern sovereignty protection, sovereignty rights. Exercising those powers, Bougainville can be able to reach her destiny by exercising the powers of foreign affairs, currency, number two and number three, exercising the powers to protect ourselves – security, defence. In the Peace Process, those powers and functions were reserved for Papua New Guinea. We were not independent at that time, but after the referendum, people voted not for autonomy to be with Papua New Guinea, but they voted to become independent, on their own, exercising the sovereign right. It means that with the referendum achieving independence, the door to exercising those rights, sovereign rights, was open. It was open. It was closed during the peace process, when it was open, we should have put into policies necessary functions. For example, the defence. You see Bougainville is not protected. We are not protected at this point of time, there is fatal incidents happening south to north. We need to exercise the power of security – establishing defence, establishing police powers and functions, protecting our people, our natural resources, our sea boundaries. Of course, whatever we do, we have to consult with Papua New Guinea and establish those functions. Currency, [is] another function that we should be able to now establish our own banks [and] currency, so that we can be able to achieve the level of independence. DW: So you're not talking about making a unilateral declaration or anything like that. You're still talking about negotiating a solution with Port Moresby? SK: Not negotiating, but coming up with a plan, a strategy, that will accommodate Papua New Guinea to participate. When accommodating Papua New Guinea, we need to see Papua New Guinea we are on one side. There is still a common enemy out there: BCL, CRA, Rio Tinto using the system, and then they subjugated us with all their systems, the laws. And here, when we come up with a plan of exercising our rights, Papua New Guinea is part and parcel of that. We need to compensate Papua New Guinea. We need to support Papua New Guinea, also in the economy which, which was incurred during the crisis conflict. They borrowed so much funding, so we should be sharing. DW: What you're talking about, still, is negotiation, isn't it? Bougainville can't do these things you're talking about unless it reaches some sort of a deal with Papua New Guinea, and it's going to need the money. SK: Correct. We need money. Bougainville is full of resources. We are rich in natural resources. But how we manage our resources is a different dimension this time. Before, we were under all those colonial laws, and when we are free now we should be able to come up with the laws to protect our natural resources and use it wisely, together with whoever invests, that comes in. But here, I'm trying to say, not so much negotiation, but it's a plan that Bougainville needs to do. The plan is to be user friendly with Papua New Guinea. And of course, for us, we have won it. We have won the political battle. We need to set away. We need to have a compass that we need to navigate with, and that compass, we Bougainvilleans, we have it in our hands, and that has to be a user friendly direction that we close out. Papua New Guinea will have to be drawn in, we have to participate in that, yes, to a level, it is negotiating, but it is like, you know, we have to lead the way. We have to come up with a plan [that's] user friendly. Not just for Papua New Guinea, let me say that. It is friendly to our Pacific countries, our neighbours, Australia, New Zealand. In terms of security, we will have to make sure that we secure our region together, not just Bougainville, together with the countries that are around us. That's why we need a defence force that is not really big, but enough to protect its internal affairs, internal issues.
Scoop
4 days ago
- Politics
- Scoop
Ex-Rebel Leader 'General' Kauona Is Brimming With Confidence In Bougainville Presidential Race
17 July 2025 Sam Kauona, a former leader of the Bougainville Revolutionary Army (BRA), wants to become president of the autonomous Papua New Guinea region. Bougainville is immersed in political campaigning as it prepares to choose 46 MPs from 404 candidates in elections shceduled for the first week of September. Seven people are contesting the presidency, including Kauona and his former BRA colleague, the incumbent President Ishmael Toroama. Kauona, who styles himself as 'General' Kauona, has in recent years been more focussed on developing a potential new gold mine, but now he wants the presidency. He ran unsuccessfully in 2020, but this time, he told RNZ Pacific, he is brimming with confidence. (This transcript has been edited for brevity and clarity.) SAM KAUONA: This time, I'm going to do it. I'm going to get the seat. I'm going to win. I am confident. DON WISEMAN: Why? Given that you didn't do that well last time? SK: Because the government, for the last five years, did not achieve what Bougainvilleans, what we, wanted. They were concentrating on one option only. That's why it wasted the last five years, and we did not achieve anything. DW: And we're talking here about independence? SK: Oh yes. That's the only agenda for Bougainville - independence. There are many approaches that we can consider. One, there is an option in which we can work with Papua New Guinea, and there's an option that we negotiate. You know, it varies. So this government, they went for the option of negotiating for ratification [of the 2019 independence referendum]. They did not achieve what Bougainville wanted. DW: Well, what do you think they should have done? And what would you do? SK: Well, to me, I would go to exercising those powers and function that will make Bougainville realise its independent, meaning to say those powers and functions that concern sovereignty protection, sovereignty rights. Exercising those powers, Bougainville can be able to reach her destiny by exercising the powers of foreign affairs, currency, number two and number three, exercising the powers to protect ourselves - security, defence. In the Peace Process, those powers and functions were reserved for Papua New Guinea. We were not independent at that time, but after the referendum, people voted not for autonomy to be with Papua New Guinea, but they voted to become independent, on their own, exercising the sovereign right. It means that with the referendum achieving independence, the door to exercising those rights, sovereign rights, was open. It was open. It was closed during the peace process, when it was open, we should have put into policies necessary functions. For example, the defence. You see Bougainville is not protected. We are not protected at this point of time, there is fatal incidents happening south to north. We need to exercise the power of security - establishing defence, establishing police powers and functions, protecting our people, our natural resources, our sea boundaries. Of course, whatever we do, we have to consult with Papua New Guinea and establish those functions. Currency, [is] another function that we should be able to now establish our own banks [and] currency, so that we can be able to achieve the level of independence. DW: So you're not talking about making a unilateral declaration or anything like that. You're still talking about negotiating a solution with Port Moresby? SK: Not negotiating, but coming up with a plan, a strategy, that will accommodate Papua New Guinea to participate. When accommodating Papua New Guinea, we need to see Papua New Guinea we are on one side. There is still a common enemy out there: BCL, CRA, Rio Tinto using the system, and then they subjugated us with all their systems, the laws. And here, when we come up with a plan of exercising our rights, Papua New Guinea is part and parcel of that. We need to compensate Papua New Guinea. We need to support Papua New Guinea, also in the economy which, which was incurred during the crisis conflict. They borrowed so much funding, so we should be sharing. DW: What you're talking about, still, is negotiation, isn't it? Bougainville can't do these things you're talking about unless it reaches some sort of a deal with Papua New Guinea, and it's going to need the money. SK: Correct. We need money. Bougainville is full of resources. We are rich in natural resources. But how we manage our resources is a different dimension this time. Before, we were under all those colonial laws, and when we are free now we should be able to come up with the laws to protect our natural resources and use it wisely, together with whoever invests, that comes in. But here, I'm trying to say, not so much negotiation, but it's a plan that Bougainville needs to do. The plan is to be user friendly with Papua New Guinea. And of course, for us, we have won it. We have won the political battle. We need to set away. We need to have a compass that we need to navigate with, and that compass, we Bougainvilleans, we have it in our hands, and that has to be a user friendly direction that we close out. Papua New Guinea will have to be drawn in, we have to participate in that, yes, to a level, it is negotiating, but it is like, you know, we have to lead the way. We have to come up with a plan [that's] user friendly. Not just for Papua New Guinea, let me say that. It is friendly to our Pacific countries, our neighbours, Australia, New Zealand. In terms of security, we will have to make sure that we secure our region together, not just Bougainville, together with the countries that are around us. That's why we need a defence force that is not really big, but enough to protect its internal affairs, internal issues.
Time of India
5 days ago
- Entertainment
- Time of India
‘Parasakthi': Sivakarthikeyan resumes filming, shoot takes place in THIS location; Deets Inside
Sivakarthikeyan is currently acting in two big films, namely Sudha Kongara's 'Parasakthi' and A.R. Murugadoss' 'Madharasi' which have created anticipation among SK fans. While 'Parasakthi' is scheduled to release in 2026, Madrasi is scheduled to hit the theatres on September 5. 'Parasakthi' moves to Pollachi The shooting for Sivakarthikeyan's 'Parasakthi' has resumed today, July 18, 2025, in Pollachi. This follows a major phase of filming in Sri Lanka and Sivakarthikeyan's completion of pivotal scenes for his movie 'Madharasi,' which has now completely wrapped up its shooting. Important scenes for 'Parasakthi' are expected to be filmed during this Pollachi schedule, as reported by Filmibeat and other sources. A film on Hindi imposition 'Parasakthi' is based on student protests against the imposition of Hindi. Along with Sivakarthikeyan, it also stars Ravi Mohan, Atharvaa, and Sreleela in the lead roles. The announcement video received a massive reception from fans. Since 'Parasakthi' is SK's 25th film, it is expected to be a major milestone in his career. Sivakarthikeyan sports a charming young look for his college boy role, and it's going to be a revolutionary one as well from the skilled actor. Sivakarthikeyan gets a hike after 'Amaran' Following the immense success of 'Amaran,' directed by Rajkumar Periyasamy, which reportedly grossed ₹300-350 crores worldwide, Sivakarthikeyan's standing in the Kollywood industry has significantly amplified. This blockbuster hit has led to a reported increase in his remuneration, solidifying his position as one of the most prominent commercial heroes. Consequently, there's considerable anticipation among fans regarding the box office performance of his upcoming releases.
