Jet Metal closes offering of subscription receipts

February 14, 2017

On February 14, 2017, Jet Metal Corp. (TSXV: JET) announced that it had completed its previously announced public offering pursuant to which it had sold an aggregate of 22,778,700 subscription receipts for gross proceeds of $6,833,610.00. Mackie Research Capital Corporation, Haywood Securities Inc., PI Financial Corp. and Echelon Wealth Partners Inc. acted as agents in respect of the offering.

With the closing of the offering, all material conditions to the business combination of Canada Jetlines Ltd. and Jet Metal were satisfied, and the transaction is expected to close on or around February 28, 2017.

Miller Thomson advised Canada Jetlines with a team that included Kevin Sorochan and Brian Fast.