Thursday, 20 September 2012

FLYHT Includes Strategic Investor With Share Swap


FLYHT Aerospace Solutions Ltd.
TSX Venture: FLY
Shares Issued: 139,386,166
Fully Diluted: 178,135,626

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Today, FLYHT announced that President & CEO Bill Tempany, sold 1 million shares at $0.20 to an investor & fund manager that due to extraordinary circumstances missed the $4 million private placement from earlier this year. Mr. Tempany will use the $200,000 for the private placement that was announced yesterday. He’ll maintain the same level of ownership in the company.  The money, which finds its way into company’s coffers, will be used to fund business development activities and for working capital.

To view today’s news release, please click here.