Draganfly Inc. (DPRO) Earnings Call Transcript & Summary

Welcome to the Annual General Meeting of Draganfly Inc. My name is Scott Larson. I am the Chair of the Board of Directors of the company, and I'll be the Chair for this meeting. In terms of our agenda today, we will first address the formal business of the meeting as described in the meeting materials, which was sent to shareholders. And following the formal part of the meeting, management will be pleased to answer any questions that anyone might have that has identified themselves. Prior to starting the meeting and if there is no objection, then I'll ask Denis Silva, of DLA Piper Canada, representative of our external legal counsel, to act as recording secretary; and Dora Wang of Endeavor Trust Company, the company's registrar and transfer agent to act as scrutineer of the meeting. The notice calling this meeting, which will hereinafter be referred to as the notice of meeting and other meeting materials was sent on May 16, 2025, to the shareholders who were entitled to receive it. The notice of meeting and affidavit of mailing and meeting materials are available for any shareholder to read. Unless there is an objection, I will dispense with reading of the Notice of Meeting. And I direct that a copy of the notice of meeting with proof of delivery of meeting materials be filed with the minutes of this meeting. We will now move to quorum and a call to order for the meeting. A quorum for the meeting is satisfied, if not less than 2 persons are present who are or who represent by proxy shareholders who, in the aggregate, hold at least 5% of the issued shares entitled to be voted at the meeting. I have received the scrutineer's report indicating that a quorum is present, and it shows that there are 78 shareholders present in person or represented by proxy, representing [ 1,933,495,000 ] common shares which represent 35.51% of the outstanding common shares of the company. And I direct that a copy of the scrutineers' report be filed with the minutes of this meeting. Unless there's an objection, I will dispense with the reading of the report. As quorum is present and the notice of meeting having been given in the proper manner, I declare that this meeting is regularly and duly called and is now ready for transaction of business.

Scott, I may just -- I know there are folks on the line that are not -- haven't fully identified themselves, but one shareholder -- we know of one shareholder, Peter, who is online. Maybe we would just ask him if he's okay dispensing with the formalities of reading the entire script and just taking things as passed because things have been passed appropriately and then we can just abbreviate the script and go right to the business meeting. Is that fine...

No objections for me. Yes, no objections.

Okay. Great. Scott, is that -- you'll move -- that's okay?

So then do you want me to go down to what section there, Denis?

Then you will go right to schedule A. That's the...

Okay. Perfect.

Yes. Great.

In view that no shareholders or other persons are present who, as Denis pointed out, objected with skipping some of the formalities, I propose that a reading of the script to be dispensed with. And I declare that all matters set forth in the notice of meeting and circular, which everyone has received, are approved and provided for in the notice of meeting a circular. Is there any discussion to that? Anybody opposed? Peter, you already said, no. So thank you. Is any other further business? If anybody would like to ask -- any other further business? There being no further business, I now declare that the meeting be terminated. And any discussion to this? Any opposed? Hearing none, I now declare that the meeting is fully over, and thank you for attending.

Excellent. Thanks, Scott. I'm not sure if there was any plan to provide any other kind of update, but if not, we can through this meeting completed and close the line. Thanks, everyone.

Thanks, Denis. Appreciate that.

Thanks, everybody. Bye-bye.

Thanks, everyone.