NEWS RELEASE!! JTM going up.....Making The Watchlist: Jetcom Announces Closing $500,000 Private Placement
Jul 18, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Activity on the Toronto Venture market has brought this company to the attention of our research team. Jetcom Inc. (TSX VENTURE:JTM), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
July 18 - 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.
About Jetcom Inc.:
Jetcom is a holding company with a proposed transaction for uranium exploration properties through its wholly owned subsidiary Yellowcake Resources Inc. whereby the Company has been granted an option to purchase a 100% interest in 23 uranium claims totaling 3100 acres in the Campbell's Bay area of Quebec. It also signed an option agreement to acquire 6 mining claims in the Lac a David, Saguenay area of Quebec located in the township of Dumas. The Company has been granted the exclusive and irrevocable option to purchase a 100% interest in the claims. Both deals are subject to Exchange approval. It also has interests in satellite programming and telehealth technology. More information can be found on the SEDAR website at www.sedar.com and www.yellowcakeresources.com.
During morning trading shares are up 27% to $0.14 with over 400,000 in volume. The Market Gainer Research Team will continue to gauge the short and long term affects that this announcement will have on the company
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