Calgary, Alberta – July 29, 2015 – FLYHT Aerospace Solutions Ltd. (the “Corporation”) (TSX-V: FLY) (OTCQX: FLYLF) announced that it has entered into an agreement (the “Agreement”) with Dougherty & Company LLC, based out of Minneapolis/St. Paul, Minnesota (the “Agent”), pursuant to which the Corporation will offer for sale on a private placement basis up to 30,000,000 units (“Units”) at a price of USD$0.17 (CDN$0.22) per Unit for gross proceeds of up to USD$5.1 million (the “Offering”). Pursuant to the Agreement, the Agent has agreed to act as the Corporation’s agent under the Offering and solicit, on a “reasonable efforts” basis, subscriptions for the Units. Each Unit will consist of one common share (“Common Share”) and one-half of one common share purchase warrant (each whole warrant referred to as a “Warrant”) of the Corporation. Each Warrant will entitle the holder to acquire one Common Share at a price of USD$0.25 (CDN$0.32) for a period of three (3) years from the date of issuance of the Warrant.

In consideration for its services, the Agent shall receive a fee equal to 8% of the gross proceeds raised by the Agent in connection with the Offering as well as agent warrants (“Agent Warrants”) in an amount equal to 8% of the aggregate number of Units sold by the Agent pursuant to the Offering. Each Agent Warrant shall be exercisable for a period of three (3) years from the date of issuance into one Common Share at a price equal to USD$0.17(CDN$0.22) per Common Share.

The proceeds will be used to fund sales and marketing, acquisition-related expenses and for general working capital purposes.

All of the securities issued pursuant to the Offering are subject to a 4-month hold period. Completion of the Offering is subject to the final approval of the TSX Venture Exchange.

About FLYHT Aerospace Solutions Ltd.

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. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915

Bristol Institutional Relations
Glen Akselrod
(905) 326–1888

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730

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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.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to “U.S. persons” (as such term is defined in Regulation S promulgated under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.