FLYHT Announces Issuance of Incentive Stock Options
26 June 2014 - 9:00AM
Marketwired
FLYHT Announces Issuance of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Jun 25, 2014) - FLYHT Aerospace
Solutions Ltd. ("FLYHT") (TSX-VENTURE:FLY)(OTCQX:FLYLF) is pleased
to announce it has granted incentive stock options for an aggregate
2,495,750 common shares, subject to regulatory approval, to
employees, officers and directors under the stock option plan
approved at the Annual and Special meeting on June 24, 2014.
The stock options are exercisable at a price of $0.40 per share
which is approximately 8% above the current trading price on the
TSX Venture Exchange. They also feature immediate vesting and
expire on December 31, 2017. A maximum of 10% of the issued and
outstanding shares are reserved under the Company's stock option
plan. The options, and any common shares issued upon exercise of
the stock options are subject to a four-month resale
restriction.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services
designed to reduce costs and improve efficiencies in the airline
industry. The Company has patented and commercialized three
products and associated services currently marketed to airlines,
manufacturers and maintenance organizations around the world. Its
premier technology, AFIRS™ UpTime™, allows airlines to monitor and
manage aircraft operations anywhere, anytime, in real time. If an
aircraft encounters an emergency, FLYHT's triggered data streaming
mode, FLYHTStream™, automatically streams vital data, normally
secured in the black box, to designated sites on the ground in
real-time. The Dragon is FLYHT's latest product, a revolutionary
light weight portable satellite communications device that blends
existing FLYHT technology with that of the iPad.
AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks
of FLYHT Aerospace Solutions Ltd.
Join us on social media!
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Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FLYHT Aerospace Solutions Ltd.Thomas R. French, CGAChief
Financial Officer403-291-7427tfrench@flyht.comInvestor RelationsThe
Howard Group Inc.Dave BurwellVice President(888) or
(403)-221-0915dave@howardgroupinc.comBristol Institutional
RelationsGlen AkselrodPresident(905) 326-1888glen@bristolir.comKin
Communications Inc.Fred Leigh(866) or (604)
684-6730FLY@kincommunications.com
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