Jetcom Inc.

Jetcom Inc.

July 18, 2007 10:06 ET

Jetcom Closes $500,000 Private Placement

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.

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)