Jetcom Inc.

Jetcom Inc.

February 10, 2011 09:49 ET

Jetcom Closes $150,000 Private Placement

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2011) - 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.

Contact Information

  • Jetcom Inc.
    A. G. Dragone
    (416) 447-4884
    (416) 447-8868 (FAX)