FLYHT AEROSPACE SOLUTIONS LTD. ("FLY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 22, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation a share purchase and transfer agreement ("Agreement") dated January 26, 2022 between the company and the shareholders ("Vendors") of CrossConsense GmbH & Co. KG ("CrossConsense"). Pursuant to the terms of the Agreement, the Company, through its wholly-owned German subsidiary, will acquire all of the issued and outstanding shares of CrossConsense in return for $1,250,000 in cash and 1,900,000 common shares at a deemed price of $0.65 per common share of the Company to the Vendors as total consideration for the business.
In connection with this transaction, the company will also provide Erythana Ventures Corp. with $100,000 in cash payment as a finder's fee for their services.
Insider / Pro Group Participation: None
For further information, please refer to the company's news releases dated January 27, 2022, March 1, 2022 and March 22, 2022.
________________________________________
|
|
