FLYHT Aerospace Solutions Ltd.
TSX VENTURE : FLY

FLYHT Aerospace Solutions Ltd.

December 24, 2013 07:03 ET

FLYHT Updates Warrant & Stock Option Exercises

CALGARY, ALBERTA--(Marketwired - Dec. 24, 2013) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)("FLYHT" or the "Corporation") is pleased to announce that, since September 30, 2013, a total of: (i) 878,006 warrants were exercised with an exercise price of $0.20 per share, 1,365,500 warrants were exercised with an exercise price of $0.30 per share, and 13,570,000 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 $6,013,283 of warrant exercise proceeds to the Corporation); and (ii) 224,000 stock options were exercised with an exercise price of $0.25 per share, and 45,000 stock options were exercised with an exercise price of $0.41 per share (each stock option exercisable into one common share of the Corporation for an aggregate $74,450 of stock option exercise proceeds to the Corporation).

FLYHT wishes our shareholders, customers, staff and public market partners a Merry Christmas and a Happy and Prosperous New Year. We want to thank our valued shareholders for their continued support. Season's greetings to everyone.

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 FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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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.

Contact Information

  • FLYHT Aerospace Solutions Ltd.
    Thomas R. French, CGA
    VP Finance and CFO
    (403) 291-7427
    tfrench@flyht.com

    Investor Relations:
    The Howard Group Inc.
    Dave Burwell
    Senior Associate
    (888) or (403) 221-0915

    Bristol Institutional Relations
    Glen Akselrod
    President
    (905) 326-1888

    Kin Communications Inc.
    Fred Leigh
    (866) or (604) 684-6730
    FLY@kincommunications.com