FLYHT Announces Successful Warrant Exercise
27 June 2014 - 9:04PM
Marketwired
FLYHT Announces Successful Warrant Exercise
CALGARY, ALBERTA--(Marketwired - Jun 27, 2014) - FLYHT Aerospace
Solutions Ltd. ("FLYHT" or the "Corporation")
(TSX-VENTURE:FLY)(OTCQX:FLYLF) wishes to announce that, since March
31, 2014, a total of: (i) 151,987 warrants were exercised with an
exercise price of $0.20 per share, 6,957,850 warrants were
exercised with an exercise price of $0.30 per share, and 84,000
warrants were exercised with an exercise price of $0.40 per share
(each warrant exercisable into one common share of the Corporation
for an aggregate $2,151,352 of warrant exercise proceeds to the
Corporation); and (ii) 99,500 stock options were exercised with an
exercise price of $0.25 per share (each stock option exercisable
into one common share of the Corporation for an aggregate $24,875
of stock option exercise proceeds to the Corporation).
As at today's date, the outstanding warrants of FLYHT are 6,250
at $0.30 expiring June 29, 2014, 100,000 at $0.30 expiring July 4,
2014, 280,000 at $0.40 expiring December 23, 2014 and 3,948,750 at
$0.75 expiring December 23, 2014.
"We are proud to announce that nearly 100% of the warrants were
exercised in this round, which we believe shows great faith from
our current shareholders" commented Bill Tempany, CEO of FLYHT. "We
will post a video of our AGM soon, which highlights the progress we
are making in major programs and hopefully reinforces the faith
shown by this gesture from our shareholders."
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!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com
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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