CALGARY, Alberta, April 02, 2018 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V:FLY)
(OTCQX:FLYLF) (the “Company” or “FLYHT”) wishes to announce that it will make an application to the TSX Venture Exchange (the
“Exchange”) to:
Amend the exercise price of the share purchase warrants that were originally issued on May 12, 2016 in
connection with the Company’s private placement to $1.60 per share purchase warrant (“Warrant”). The Warrants that are the subject
of the amendment application consists of an aggregate 1,695,504 Warrants. The foregoing Warrants are set to expire on May 12, 2018
and the application being submitted to the Exchange is to amend the exercise price to $1.60 per Warrant (the current exercise price
being $2.50 per warrant).
For further information on the original issuance of the Warrants – please see the Company’s press release dated
May
12, 2016.
Completion of the proposed Warrant price amendment is subject to the final approval of the TSX Venture
Exchange.
About FLYHT Aerospace Solutions Ltd.
FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada;
publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment
manufacturers have installed the Automated Flight Information Reporting System (AFIRSTM) on their aircraft to capture,
process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the
UpTimeTM cloud-based data center, which provides aircraft operators with direct insight into the
operational status and health of their aircraft and enables them to take corrective action to maintain the highest
standard of operational control.
Contact Information
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403-291-7437
aforbes@flyht.com
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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.
