CALGARY, ALBERTA--(Marketwired - June 3, 2015) - FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX VENTURE:FLY)(OTCQX:FLYLF) is pleased to announce it has granted incentive stock options for an aggregate 2,803,050 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 2, 2015.
The stock options are exercisable at a price of $0.25 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, 2018. 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.
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.