Jeremy Edelman sells 350,000 shares of LGC Capital

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Dec. 23, 2016 / – Jeremy Edelman announces that on November 28, 2016, he sold 350,000 common shares of LGC Capital Ltd. (the “Corporation“) (TSXV: QBA) through the facilities of the TSX Venture Exchange at a price of $0.042 per share for proceeds of $14,700, and that on December 7, 2016, a stock option in respect of 2,000,000 common shares of the Corporation held by Mr. Edelman was cancelled by mutual agreement of Mr. Edelman and the Corporation.

Immediately prior to the transactions described above, Jeremy Edelman held 23,747,457 common shares of the Corporation, representing approximately 10.15% of the issued and outstanding common shares, and a stock option in respect of 2,000,000 common shares of the Corporation.  Assuming the exercise of the stock option held by Mr. Edelman, he would have held 25,747,457 common shares of the Corporation, representing approximately 10.91% of the common shares of the Corporation that would have then been issued and outstanding.

Immediately after the transactions described above, Mr. Edelman holds 23,397,457 common shares of the Corporation, representing approximately 9.99% of the issued and outstanding common shares, and no stock options.

As a result of the transactions described above, Mr. Edelman’s shareholdings in the Corporation decreased to approximately 9.99% from approximately 10.15%.

Mr. Edelman sold the 350,000 common shares of the Corporation at a price of $0.042 per share for proceeds of $14,700. Mr. Edelman did not receive any consideration for the cancellation of the stock option.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

In accordance with applicable securities laws, Mr. Edelman may, from time to time and at any time, acquire additional common shares of the Corporation and/or other equity, debt or other securities or instruments (collectively, “Securities“) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Edelman in connection with the transactions described above is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

For further information: To obtain a copy of the early warning report filed by Jeremy Edelman, please contact: Sébastien Bellefleur, Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal, Québec, H4Z 1E9, Telephone: (514) 397-7445

LGC Capital Ltd. appoints Mohammed Ghafari to Board of Directors

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Dec. 22, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) announces that Mr. Mohammed Ghafari has been appointed to its Board of Directors.  Mr. Ghafari, who is a resident of Pointe-Claire, Québec, Canada, is the Executive Officer of MEEM Solutions Inc., a Canadian-based management consulting company focused on delivering business strategies and market development.  He was one of the founding members of Digital Planet, a company specialized in Rich Media and video streaming/IPTV services.  Prior thereto, Mr. Ghafari served as Middle East Regional Director for Convergys Corporation and as Executive Sales Director – Middle East for Lucent Technologies.  He started his career at IBM Corporation, in Research and Development of smart software applications.  Mr. Ghafari holds a B.Sc. degree with Honours in Computer Science from Leeds University in England.

Mr. Ghafari replaces Mr. Guy Charette on the Board of Directors of LGC Capital, following Mr. Charette’s recent resignation.  LGC Capital wishes to thank Guy Charette for his valued contribution.

The appointment of Mr. Ghafari as a director of LGC Capital is subject to regulatory approval.

LGC Capital also announces that a stock option in respect of 2,000,000 common shares of LGC Capital held by Mr. Jeremy Edelman was cancelled by mutual agreement of Mr. Edelman and LGC Capital.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Fortune Magazine Features FLYHT Aerospace

This morning (December 8th) Fortune.com, the online version of Fortune Magazine, featured a commentary by FLYHT board member and former Chairman of the U.S. National Transportation Safety Board, Mark Rosenker.

fly_161208pic1In the commentary, Mr. Rosenker declares “The technology is available.” He was referring to FLYHT Aerospace’s Automated Flight Information and Reporting System (AFIRS™) and its ability to stream recorder data from the flight data recorder (FDR) of an aircraft while in flight.

In the article he states, “This (AFIRS) offers the value of not only providing the actual location of the aircraft, but also an understanding of how it is – its real-time status. Data can be streamed as a result of a “trigger” that might occur during a flight incident. Or, data could simply be streamed throughout the flight for routine flight status information.”

In conclusion he declares, “We have the technology to make airline travel even safer – and we need to use it.”

To read the full article, please click here.

Alex Ruus on BNN: We Argue It (FLYHT) Should Be Trading Substantially Higher

Arrow Capital Portfolio Manager, Alex Ruus, was more than positive in his response to a caller who asked about FLYHT Aerospace during last night’s (December 5th) appearance on Canada’s Business News Network (BNN). This was his response:

We like it very much and good timing. I actually sat down and had dinner with the CEO of FLYHT last week. Things are just going great. The business continues to develop. The Chinese business has been a particularly bright area in the last year and is growing strongly; looks to potentially even accelerate some more next year. Meanwhile, they continue to work with a number of global OEMs on doing business. They are on the production lines at Airbus and up on Bombardier, and we think that there are opportunities in other areas.

Meanwhile, there is increasing pressure for increased regulation in terms of flight following. At some point in the next two to three years, you could see something happen that accelerates adoption of a lot of their solutions. This is like an internet of things type company. People never talk about it that way. But it really fits into that increasing data off of industrial machinery, which in this case is airplanes. Again really critical information, which helps them fine tune the operation of the plane, prevents accidents and if there is an accident give you immediate information to know what’s happening.

We think at some point this thing is really going to take off, it has been a frustrating stock. It kind of flat lined over the last year, despite becoming profitable in the summer, it’s likely going to finish the year profitable and growing at almost 50% a year rate. So, we are scratching our head a little bit as to why the stock is trading at the 20 cent area, we argue it should be trading substantially higher.   

To watch the segment, please click here.

FLYHT Joins a Select Group of Canadian Companies with CAAC Part-145 Approval

Calgary, Alberta – December 1, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced it has been granted CAAC Part-145 approval by the Civil Aviation Administration of China (CAAC).

The approval took almost two years to achieve and now allows FLYHT to repair Automated Flight Information Reporting System (AFIRSTM) units and return them to customers in China with an AAC-038 release certificate. The AAC-038 is a maintenance release document that allows for AFIRS 228 installation on Chinese-registered aircraft under the CAAC Part-145 approval. Previously, FLYHT supplied new units for warranty exchange, so this approval will improve efficiency and convenience for Chinese customers by allowing units to be repaired and returned.

“FLYHT joins only four other companies in Canada with CAAC Part-145 approval,” remarked Vinay Parmar, Quality Assurance Manager at FLYHT. “The approval is an added benefit to airlines and our customers in China who value CAAC approval.”

FLYHT does not require maintenance approval for countries with whom Canada has bi-lateral agreements as they accept authorized release certificates issued in Canada.  China is an important market for FLYHT and does not yet have a bi-lateral agreement with Canada that encompasses the release tags required so the ability to issue an AAC-038 release for repairs performed in Canada is beneficial.

This CAAC Part-145 approval is independent of the maintenance repair company contract in the Peoples Republic of China announced on November 28, 2016 and provides further service alternatives for our customers.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.3 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

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

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.