From FLYHT Aerospace Solutions Ltd.
CALGARY, Alberta, June 25, 2020 (GLOBE NEWSWIRE) — 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 755,300 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 June 23, 2020.
The stock options are exercisable at a price of $0.59 per share. The options will vest 1/3 on each of June 23, 2021, 2022 and 2023 and will expire on June 23, 2024. 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.