UK-based Cobham plans to raise $722.81m through rights issue to reduce its debt.

The rights offering is expected to be completed in the current quarter.

Cobham’s technology solutions are targeted at military, security and commercial sectors.

"Worth $3.94m, the issue is subject to final approval by TSX Venture Exchange."

FLYHT Aerospace Solutions has announced a private placement of common shares, the proceeds of which will be used for multiple purposes, including repayment of debentures outstanding in June.

Worth $3.94m, the issue is subject to final approval by TSX Venture Exchange.

Pursuant to the offering, a total of 33,333,333 units will be issued at a subscription price of $0.11, in addition to one-half warrant for each unit. The price of common shares that can be purchased through exercising the warrants has been fixed at $0.19 a share.

The maximum time allowed for exercising the warrants is 24 months.