Canada Jetlines closes loan and announces share offering

Canada Jetlines has closed a previously-announced $1.5 million loan deal and said it “intends to undertake a non-brokered private placement with a single arm’s length investor to raise from $1,000,020”. The offering of just over $1 million “consists of 4,762,000 units issued at $0.21 per unit”, the carrier said, with each unit made up of one variable voting share and one half of one warrant. “Each warrant entitles the holder thereof to purchase an additional share for a period of 24 months after closing at a price of $0.35 per warrant share,” Jetlines explained, adding that the money raised from