Canada Jetlines upsizes financing

Canada Jetlines Operations (Canada Jetlines) the new, Canadian leisure airline, has upsized its recent non- brokered private placement from $1.5million to $2million due to oversubscription. The Offering consists of units issued at $0.255 per unit, which each consists of one common or variable voting share and one half of one warrant. Each Warrant entitles the holder to purchase an additional share for a period of 24 months after closing at a price of $0.40 per warrant share. In order to encourage share ownership by employees of the company, Canada Jetlines has stated that it will be offering all of its