FLYHT issues update on warrant, stock option exercises

30 December 2013

FLYHT Aerospace Solutions Ltd. (TSX Venture: FLY) said that, since September 30, 2013, a total of 878,006 warrants were exercised with an exercise price of USD0.20 per share.

Also, 1,365,500 warrants were exercised with an exercise price of USD0.30 per share, and 13,570,000 warrants were exercised with an exercise price of USD0.40 per share.

Each warrant was exercisable into one common share of the corporation for an aggregate USD6,013,283 of warrant exercise proceeds to the company.

Also, 224,000 stock options were exercised with an exercise price of USD0.25 per share, and 45,000 stock options were exercised with an exercise price of USD0.41 per share.

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.

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