FLYHT Announces Issuance of Incentive Stock Options

FLYHT Announces Issuance of Incentive Stock Options

Calgary, Alberta – May 14, 2019 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce it has granted incentive stock options for an aggregate 376,275 common shares, subject to regulatory approval, to employees, officers and directors under the stock option plan approved at the Annual and Special Meeting held on May 9, 2019.

The stock options are exercisable at a price of $1.50 per share. The options will vest 1/3 on each of May 9, 2020, 2021 and 2022 and will expire on May 9, 2023. 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’s mission is to improve aviation safety, efficiency and profitability. Globally, and for more than 20 years, airlines, leasing companies, fractional owners and original equipment manufacturers have installed FLYHT’s differentiated aircraft and enterprise-based solutions to deliver real-time, flight-deck, satellite connectivity for tracking, health monitoring, and streaming of operational, maintenance and weather data. FLYHT is publicly traded as FLY in Canada on the TSX.V; and as FLYLF in the USA on the OTCQX. FLYHT is based in Calgary, Canada with an office in Littleton, Colorado and is an AS9100 Quality registered company. For more information visit www.flyht.com.

Contact Information:
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403-291-7437
aforbes@flyht.com
Canada Investor Relations:
Adelaide Capital Markets Inc.
Deborah Honig
647-203-8793
deborah@adelaidecapital.ca
USA Investor Relations:
Liolios
Matt Glover or Charlie Schumacher
949-574-3860 FLY@liolios.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.

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Total Customer Flights

As of April 30, 2019

Flight hours with AFIRS onboard

As of April 30, 2019

FLY.V on TSX.V

 Updated: 2019-05-22 - 16:00:00 Symbol: FLY.V 
Open: $1.8
Volume: 113234
Last: $1.84
Day Hi: $1.9
Change: $+0.05
Day Low: $1.8

FLYLF on OTC QX

 Updated: 2019-05-22 - 16:00:00 Symbol: FLYLF 
Open: $1.36
Volume: 8730
Last: $1.38
Day Hi: $1.41
Change: $+0.08
Day Low: $1.36