Canada Jetlines boosts coffers ahead of first flight

Canada Jetlines plans to raise between $1.2million and $1.5 million from a non-brokered private placement, consisting of units issued at $0.255 each. Each unit will have one variable voting share and a half of one warrant; with each warrant the holder can purchase an additional share for 24 months after closing at a price of $0.40 per warrant share. Canada Jetlines expects the founding shareholder Global Crossing Airlines Group and the executives as well as the management team to participate in the capital raise. In order to encourage share ownership by employees, Canada Jetlines will be offering all of its