LGC Capital Announces Merchant Banking Division And New Opportunity

Montreal, Québec – October 10, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to announce that it has formally established a merchant banking division within its business, which will pursue global high-yield investment opportunities. This new division will run parallel with and will not deter efforts from LGC’s cannabis investments and the pursuit of additional cannabis opportunities.

“The merchant banking side of LGC Capital is an outstanding opportunity for the company and its shareholders,” commented John McMullen, CEO of LGC. “I will remain 100% committed and focused on building our global cannabis footprint, while LGC’s Co-Chairman Mazen Haddad will head up this division and continue to pursue large high-yield investment opportunities for LGC. Mazen has a successful history and track record with sourcing funding and executing these types of transactions.”

As part of this announcement, LGC announces that it has entered into an agreement with a Toronto-based investment firm whereby LGC will guarantee repayment by Etea Sicurezza Group Ltd (“Etea Sicurezza”) of notes issued by Etea Sicurezza in an aggregate principal amount of USD $1,000,000 (“Notes”). The Notes have a term of two years, bear interest at a rate equal to LIBOR + 8%, and are secured by the assets of Etea Sicurezza and by a pledge of shares by Etea Sicurezza’s principal shareholder.

As consideration for the guarantee, Etea Sicurezza will issue shares to LGC representing 3% of its outstanding shares and pay an annual cash fee to LGC.

LGC and Etea Sicurezza are also negotiating a transaction whereby LGC will acquire all of the outstanding shares of Etea Sicurezza and distribute a portion of the shares to LGC’s shareholders, with the intention of Etea Sicurezza becoming a public listed company. At such time, if any, as LGC and Etea Sicurezza enter into an agreement, LGC will issue a press release announcing the details of the transaction.

Based in London, England, Etea Sicurezza (www.eteasicurezzagroup.com) is a private company which specializes in fire safety and security by providing products and services to international companies such as L’Oreal, Coca Cola, BASF, Doha Metro and others. Etea Sicurezza was founded in 1998 and is now a global leader in the field of high-tech safety with offices in seven countries and agents in 20 countries. Etea Sicurezza operates as an EPC (Engineering, Procurement and Construction) contractor implementing safety systems, and provides proprietary and patented technologies that are customized and fully compliant with international standards. For the fiscal year ending December 31, 2017, Etea Sicurezza already has revenues in excess of the equivalent of CAD$14 million with margins of 27%.

“I have known the founder and principal of Etea Sicurezza for a number of years,” stated Mazen Haddad, Co-Chairman of LGC. “He approached me on this situation and I jumped on it knowing that LGC can help and that this opportunity can add significant value for our shareholders.”

Under the guarantee, LGC will be required to pay all of Etea Sicurezza’s obligations under the Notes if Etea Sicurezza does not make payment to the holders of the Notes and if AIP sends a demand letter to LGC. If LGC repays the Notes, it will be subrogated in the rights of the holders of the Notes. In the event that LGC is required to pay under the guarantee, it has the option to pay all or part of the amount through the issuance of LGC shares at a price per share equal to 80% of the weighted average trading price of LGC’s shares on the TSX Venture Exchange, or such other stock exchange on which LGC’s shares then principally trade, for the five trading days immediately preceding the date of issuance of the shares.

The guarantee and related issuance of shares by LGC are subject to approval by the TSX Venture Exchange. LGC Merchant Banking has begun the approval process but cannot give any assurance that it will be able to obtain such approval. In addition, LGC cannot give any assurance that it will conclude a further transaction with Etea Sicurezza as described in this press release.

About LGC (http://www.lgc-capital.com)

LGC Capital Ltd.’s (TSXV: LG) mission is to invest into global high-yield diversified businesses. LGC’s flagship project is its partnership with AfriAg (Pty) Ltd. and South Africa’s House of Hemp to grow, cultivate and distribute medical-grade cannabis from its 40,000 m2 facility located in Block D of the Dube Tradeport’s Agrizone Complex. This greenhouse is the most eco-friendly and high tech agricultural facility in Africa.

For further information please contact:

LGC Capital:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Mazen Haddad, Co-Chairman
Email: mazen@lgc-capital.com

 

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, including the guarantee and possible further transaction with Etea Sicurezza described herein, could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

Information Relating to Etea Sicurezza Group Ltd
All information contained in this press release relating to Etea Sicurezza has been provided to LGC by Etea Sicurezza.  LGC has relied upon this information without having made independent inquiries as to its accuracy or completeness and assumes no responsibility for any inaccuracy or incompleteness of such information.

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.

 

FLYHT Aerospace Solutions Ltd. to Present at the 6th Annual Liolios Gateway Conference on September 6, 2017

CALGARY, Alberta, Aug. 30, 2017- FLYHT Aerospace Solutions Ltd. (TSX.V:FLY) (OTCQX:FLYLF) has been invited to present at the 2017 Gateway Conference, which is being held on September 6-7, 2017 at the Four Seasons Hotel San Francisco.

FLYHT Aerospace Solutions Ltd. CEO, Tom Schmutz is scheduled to present on September 6 at 3:00 p.m. Pacific time, with one-on-one meetings held throughout the conference.

The presentation will be webcast live on the Gateway Conference website at www.gateway-conference.com/presenters.

To receive additional information, request an invitation or to schedule a one-on-one meeting, please email gateway@liolios.com.

About the Gateway Conference
The 6th Annual Gateway Conference is an invite-only conference presented by Liolios, which brings together the most compelling companies with the nation’s top institutional investors and analysts. This year’s event features more than 100 companies from a number of growth industries, including technology, business and financial services, consumer, digital media, clean technology and life sciences. The format has been designed to give attendees direct access to senior management via company presentations, Q&A sessions and one-on-one meetings. For more information, visit www.gateway-conference.com or www.liolios.com.

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS™) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime™ cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.  For more information, visit www.flyht.com.


Contact Information

FLYHT Aerospace Solutions Ltd.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@flyht.com
Investor Relations – The Howard Group
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.

WINGS Magazine Names FLYHT VP Operations In 20 Under 40 List

The collective FLYHT team would like to congratulate Mat Plamondon, FLYHT’s 38 year old Vice President of Operations and Customer Fulfillment for being recognized in WINGS Magazine’s, 20 under 40 list for 2017.

The article refers to Mat as “a ‘high potential’ executive on the rise.” His role at FLYHT has him overseeing international operations. Acknowledging that “he does it with determination and verve, showing a commitment to excellence that is truly infectious.

The article states, “Plamondon brings more than 18 years of experience to his role and works hard to ensure his customers get maximum value from the products FLYHT creates. He joined the FLYHT team because he maintains that real-time data that the Flight Information Reporting System (AFIRS™) offers can increase efficiencies and safety throughout the industry.

About WINGS Magazine
WINGS Magazine is Canada’s only premiere national aviation magazine, providing comprehensive coverage of commercial, corporate, general and military aviation in Canada and around the world.

Wings Magazine is behind many of Canada’s leading aviation initiatives, such as the Careers in Aviation guide and expos, the annual FBO Survey, MRO Directory, Industry Roundtable, CBAA show guide and directory, and more.

To view the article, please click here. Mat is featured on page 27.

FLYHT Aerospace Solutions Ltd. Receives U.S. Patent for FLYHTStream™

CALGARY, AB–(June 19, 2017) – FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX VENTURE: FLY) (OTCQX: FLYLF) is pleased to announce the receipt of a patent from the United States Patent and Trademark Office for FLYHT’s emergency data streaming technology which has been initially enabled in a commercial software product called FLYHTStream™.

“During the extended search for AF447 it became clear to FLYHT that there was a problem to solve. Could real-time communications be used to send data to locate and get valuable information from the aircraft, possibly to even prevent a future accident? We extended the capabilities of our system and this patent was filed,” stated Kent Jacobs, FLYHT’s first employee who jointly filed the patent application back in 2010. “Having this patent granted marks an important milestone for our Company as we continue to protect our intellectual property and expand our exclusive offerings to our customers in the aviation industry.”

FLYHTStream is used during an emergency or abnormal situation onboard an aircraft. It sends flight data recorder information to the airline immediately, through a real-time communications network, so airlines and investigators know the status and the location of the aircraft. The data streaming is initiated either automatically during an unsafe condition, by the pilots through an event button in the cockpit or by the operations team on the ground through the server, UpTime™. Key airline personnel are notified immediately and essential data is streamed from the aircraft. Video demo of the FLYHTStream technology.

FLYHT has already been granted this patent in China and has the patent pending in other regions. The United States patent comes at a business-relevant time because the International Civil Aviation Organization (ICAO) has passed a performance-based requirement for new aircraft type designs to make the flight recorder data available in a timely manner by 2021, a short time away in the aviation timeline. The intent of the Timely Access to Flight Recorder Information is to resolve problems recently encountered when aircraft and their black boxes cannot immediately be accessed. See more on the requirement in the June 5 edition of the FLYHT CEO Letter.

FLYHTStream is commercially available today and is a solution which augments the on-board flight data recorders and flight voice recorders. FLYHTStream is a software service that is enabled by the Automated Flight Information Reporting System (AFIRS™) which hosts services that save aircraft operators money, streamline their operations and proactively enhance safety, which prevents accidents and can save lives.

The patent title is Aircraft Flight Data Delivery and Management System with Emergency Mode, US 9,602,187 B2 and is dated March 21, 2017.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 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 2.6 million aggregate flight hours and 1.7 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.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@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.

FLYHT Aerospace Solutions Ltd. To Present Q1 Results at Annual and Special Meeting

Calgary, Alberta – May 3, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) will discuss its first quarter results at its Annual and Special Meeting to be held at 2:00 pm (MT) on Wednesday, May 10, 2017 at Fort Calgary.

Shareholders are invited to attend the meeting where management will provide a presentation and answer questions about the status of the Company.

FLYHT will not host a live conference call about the first quarter results, however, will provide an update through a live video feed of the Company’s Annual and Special Meeting. The video will be available on FLYHT’s Facebook page, www.facebook.com/flyht, starting at approximately 2:15 pm MT. The video will be accessible to those with a Facebook account. An archive video of the meeting will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available. http://flyht.com/presentation-and-webcast/

Questions submitted to management by e-mail before 1:00 pm (MT) on May 10 will be answered during the meeting. Questions can be emailed to investors@flyht.com.

Venue Details:
FLYHT’s Annual and Special Meeting will be held on May 10, 2017 at 2:00 PM (MT) at Fort Calgary – JOW Gallery 750 – 9th Avenue SE, Calgary, Alberta.


About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 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 2.5 million aggregate flight hours and 1.6 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.

Alex Ruus on FLYHT: “This Will Become, Over Time, a Global Standard for the Industry.”

FLY:TSXV

Arrow Capital Management portfolio manager Alex Ruus was very upbeat in response to a question regarding FLYHT Aerospace during yesterday’s appearance on BNN’s Market Call Tonight. FLYHT was selected as a “Top Pick” on an earlier episode of the show.

Here are some key points Mr. Ruus made about FLYHT during the segment.

  • “FLYHT is an ‘Internet of Things’ company for the aircraft industry.”
  • “They provide critical data streaming from planes to the ground.”
  • “I would argue that they are the leaders in that segment. They’ve done a deal with Airbus. I would argue that this will become, over time, a global standard for the industry.”
  • “After three or four years of struggling from a stock perspective. The stock has recently perked up and we think that that is just the start of great things to come.”
  • “Things are progressing there, we think there’ll be good news this year and we think the stock will go significantly higher.”

Please click here to watch the full segment.

FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) Schedules Second Quarter Conference Call

CALGARY, ALBERTA–(Marketwired – Aug. 6, 2014) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss the first quarter results to be held, Wednesday, August 13, 2014 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation about FLYHT’s second quarter results and then a question and answer period with management.

To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Also, you can email questions in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider. http://flyht.com/investors/videos/

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.
Thomas R. French, CGA
Chief Financial Officer
403-291-7427
tfrench@flyht.com

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

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

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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.