Volatus Announces Closing of Fully Subscribed LIFE Offering of $3,000,000

Core Points - Volatus Aerospace Inc. has successfully closed its upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement, raising gross proceeds of $3,000,000 by issuing 25,000,000 units at a price of $0.12 per unit [1][2] - Each unit consists of one common voting share and one common share purchase warrant, with the warrants exercisable at $0.20 per share for 36 months [1] - The net proceeds from the LIFE Offering will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [2] Financial Details - The LIFE Offering incurred approximately $280,000 in advisory and legal fees [2] - The offering is subject to final approval from the TSX Venture Exchange [2] Shareholder Incentives - The company has granted a total of 1,500,000 restricted share units (RSUs) to certain consultants, with each RSU representing the right to receive one common voting share or equivalent cash value [4] Company Overview - Volatus Aerospace is a leader in innovative global aerial solutions, providing comprehensive services using both piloted and remotely piloted aircraft systems across various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [6]