FLYHT Adds Information Regarding Insider Participation in Private Placement
July 28 2021 - 4:42PM
Further to the press release dated July 22, 2021, the following
insiders of
FLYHT Aerospace Solutions Ltd. (TSX-V:
FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) subscribed of Common
Shares in the non-brokered private placement:
- Alana Forbes (an officer of the
Company– 66,667 Common Shares);
- Bill Tempany (an officer and
director of the Company) – 133,485 Common Shares;
- Brent Rosenthal (director of the
Company) – 333,333 Common Shares;
- Darrel Deane (officer of the
Company) – 40,000 Common Shares;
- Paul Takalo (director of the
Company) – 33,334 Common Shares;
- Derek Graham (officer of the
Company) – 33,333 Common Shares;
- Doug Marlin (director of the
Company) – 33,333 Common Shares;
- Mary McMillan (director of the
Company) – 41,666 Common Shares;
- John Olcott (director of the
Company) – 16,667 Common Shares); and
- A newly created insider of the
Company (Michael Kellen, being the decision maker for each of The
Ellen-Maria Gorrissen Trust I U/A Dated 06/03/1993 and The
Ellen-Maria Gorrissen Trust 2 U/A Dated 06/03/1993 (who each
subscribed for – 2,083,333 Common Shares and collectively now own
greater than 10% of the outstanding shares of the Company) (subject
to final approval of the TSX Venture Exchange).
These may be considered "Related Party
Transactions" under Multilateral Instrument 61-101 – Protection of
Minority Security Holders in Special Transactions, however the
Company will rely upon available exemptions from the minority
shareholder approval and valuation requirements set forth in that
Instrument (the fair market value of these subscriptions being less
than 25% of the Company’s market capitalization (exemptions found
in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101
– Protection of Minority Security Holders in Special
Transactions)). The actions disclosed herein were approved by
the board of directors of the Company via written resolution,
signed and approved by all directors.
About FLYHT Aerospace Solutions
Ltd.
FLYHT provides airlines with Actionable
Intelligence to transform operational insight into immediate,
quantifiable action, delivering industry leading solutions to
improve aviation safety, efficiency and profitability. This unique
capability is driven by FLYHT’s patented aircraft certified
hardware products including AFIRS™, a satcom aircraft interface
device which enables real-time streaming of flight information,
cockpit voice and black box data streaming and TAMDAR™, which
aggregates and streams airborne weather data in real-time. FLYHT is
headquartered in Calgary, Canada with an office in Littleton,
Colorado, and is an AS9100 Quality registered company. For more
information, view our latest presentation here, or
visit www.flyht.com
Contact Information:
FLYHT Aerospace Solutions Ltd.Alana ForbesChief
Financial
Officer403.291.7437aforbes@flyht.cominvestors@flyht.com |
|
FNK IR LLCMatt Chesler, CFAInvestor
Relations646.809.2183flyht@fnkir.com |
|
|
|
Join us on social media!
www.twitter.com/flyhtcorphttps://www.linkedin.com/company/flyht/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.
Flyht Aerospace Solutions (TSXV:FLY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Flyht Aerospace Solutions (TSXV:FLY)
Historical Stock Chart
From Apr 2023 to Apr 2024