Jetcom Closes $150,000 Private Placement
February 10 2011 - 9:48AM
Marketwired
Jetcom Inc. (TSX VENTURE: JTM), is pleased to announce that it has
closed a private placement of 3,000,000 units for gross proceeds of
$150,000 to an arm's length placee. Each unit is comprised of one
common share at $0.05 and one common share purchase warrant
exercisable at $0.15 for 3 years from the date of closing. The
common shares and warrants and common shares underlying the
warrants are subject to a four month hold period. The proceeds will
be used for working capital purposes at the discretion of the board
of Jetcom.
Jetcom Inc. has 45,337,400 outstanding common shares.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Jetcom Inc. A. G. Dragone President (416) 447-4884
(416) 447-8868 (FAX)
Jetcom Com (TSXV:JTM)
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