FLYHT Updates Warrant & Stock Option Exercises
Calgary, Alberta – December 24, 2013 (TSX-V: FLY) FLYHT Aerospace Solutions Ltd. (“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.
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
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