Canada Jetlines closes non-brokered private placement with over $575,000 raised

Canada Jetlines has closed a previously-announced non-brokered private placement, with the final gross proceeds raised coming to $575,002. The offering was for 2,738,104 units issued at $0.21 per unit, each of which was made up of one common or variable voting share and one half of one warrant. Each warrant entitled the holder to purchase an additional share for 24 months after closing at a price of $0.35 per warrant share. The airline said it intends to use the net proceeds of the offering for general corporate, working capital and investor relations purposes, with $100,000 of it allocated to investor