DEFENSE TECHNOLOGIES INTERNATIONAL CORP. (OTCMKTS:DTII) Files An 8-K Entry into a Material Definitive Agreement

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DEFENSE TECHNOLOGIES INTERNATIONAL CORP. (OTCMKTS:DTII) Files An 8-K Entry into a Material Definitive Agreement

DEFENSE TECHNOLOGIES INTERNATIONAL CORP. (OTCMKTS:DTII) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On July 12, 2018, we received a $250,000 investment from a private investor. The funds are intended to be used for general expenses, development of our Passive Portal scanner unit and finalization, deployment and demonstration of a beta-testing unit. Following positive test results from the beta testing, we plan to use remaining funds to prepare for production and manufacturing final commercial units and for other general operating expenses.

Our arrangement with the private investor include paying a 5% Royalty to a maximum of BD% thereafter for a period of two years. Also, the investor will receive 100,000 warrants to purchase DTII common stock that may be exercised for up to three years at an exercise price of $2.50 per share. Additionally, the investor may earn a future royalty in the event we are successful in developing and marketing a commercial scanner unit.

Cautionary Note About Forward-looking Statements

Statements contained in this current report which are not historical facts, may be considered "forward-looking statements," which term is defined by the Private Securities Litigation Reform Act of 1995. Any "safe harbor under this Act does not apply to a "penny stock" issuer, which definition would include the Company. Forward-looking statements are based on current expectations and the current economic environment. We caution readers that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.


About DEFENSE TECHNOLOGIES INTERNATIONAL CORP. (OTCMKTS:DTII)

Defense Technologies International Corp., formerly Canyon Gold Corp., is an exploration-stage company seeking potential business opportunities in the minerals industry. The Company is engaged in the search for mineral deposits or reserves of precious and base metal targets, which are not in either the development or production stage. Its mineral property interests consisted of 30 Bureau of Land Management mineral lease claims, situated in the west section of the new Long Canyon Gold Trend area of east central Nevada, as of April 30, 2016. These properties are located next to other exploration projects in the Long Canyon Gold Trend. All the claims are located in Section 35, T 34N R63E, Mount Diablo Base & Meridian. It focuses on exploring the claims for gold and silver mineralization deposits as funding permits. It was focused on exploring for gold, silver and other minerals on property covering an area of 640 acres, as of April 30, 2016. As of April 30, 2016, it had no revenues.