GREY:JTCMF - Post by User
Post by
best7on Feb 10, 2011 4:16pm
329 Views
Post# 18111984
PP
PPJetcom Inc Closes Private Placement
9:49am EST
Jetcom Inc announced 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
.05 and one common share purchase warrant exercisable at
.15 for three 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.