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Recent News
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| JULY 18, 2007 - 10:06 ET |
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| Jetcom Closes $500,000 Private Placement |
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TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Jetcom Inc. (TSX VENTURE:JTM)(FRANKFURT:YGH)(XETRA:YGH), is pleased to announce that it has closed a private placement of 3,571,429 units for gross proceeds of $500,000 to an arm's length placee. The unit price has been adjusted to $0.14. Each unit is comprised of one common share at $0.14 and one common share purchase warrant exercisable at $0.30 for 2 years form 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 purposed at the discretion of the board of Jetcom.
Jetcom Inc. has 38,765,971 outstanding common shares.
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| CONTACT INFORMATION |
Jetcom Inc.
A. G. Dragone
President
(416) 447-4884
(416) 447-8868 (FAX)
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