- Canada Jetlines (CJET) has announced a non-brokered private placement to raise from $1,200,000 to $1,500,000
- The offering consists of units priced at $0.255
- Canada Jetlines has also signed a loan agreement for US$130,000
- Net proceeds will be used for aircraft acquisition, general corporate and working capital purposes
- Canada Jetlines is a well-capitalized leisure-focused air carrier servicing Canada, the U.S., and the Caribbean
- Canada Jetlines Operations Ltd. (CJET) opened trading at C$0.285
Canada Jetlines (CJET) has announced a non-brokered private placement to raise from $1,200,000 to $1,500,000.
The offering consists of units priced at $0.255. Each unit consists of one common or variable voting share and one half of one warrant. Each warrant entitles the holder to purchase one additional sharefor a period of 24 months.
The company will be offering its employees the chance to participate in the offering with a bonus incentive.
Canada Jetlines has also signed a loan agreement for US$130,000.
Net proceeds from the offering and the loan will be used for aircraft acquisition, general corporate and working capital purposes.
Canada Jetlines is a well-capitalized leisure-focused air carrier servicing Canada, the U.S., and the Caribbean.
Canada Jetlines Operations Ltd. (CJET) opened trading at C$0.285.
