Thursday, June 26, 2014 3:08:16 PM
"FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX-VENTURE:FLY)(OTCQX:FLYLF) is pleased to announce it has granted incentive stock options for an aggregate 2,495,750 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 24, 2014.
The stock options are exercisable at a price of $0.40 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, 2017. 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."
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