Drone Aviation Secures $4 Million in Funding for Increased Sales and Production Capability

JACKSONVILLE, FL, Aug. 07, 2017, DRNE, (GLOBE NEWSWIRE) Drone Aviation Holding Corp. (OTCQB: DRNE) (“Drone Aviation” or the “Company”), a manufacturer of tethered drones and lighter-than-air aerostats, today announced that it has secured up to $4 million in new funding and extended the maturity date of its outstanding $3 million convertible note. In addition, the Company provided an update on multiple recent successful product trials and demonstrations. The new financing package was arranged by Chairman and CEO Jay Nussbaum
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