VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to provide an update on certain recent corporate developments. Jetlines is in the final stages of obtaining approval for trading on the QTCQB marketplace. Jetlines has been assigned the ticker symbol JETMF and is currently trading on the OTC Pink tier. Jetlines expects to begin formally trading on the OTCQB next week and will provide a definitive trading date once determined.
The OTCQB provides more efficient access to U.S. investors, helping Canadian companies to build shareholder value with a goal of enhancing liquidity and share valuation. In addition, investors have access to more transparent pricing information through the availability of premium Real-Time Level 2 quotes. This, in turn, leads to more efficient trading for investors. Through trading on the OTCQB, companies can engage a far greater network of U.S. investor, data distributors and media partners, ensuring U.S. investors have access to the same high-quality information that is available to investors in Canada, but through U.S. platforms and portals used to conduct research.
The Company also announces that it will be launching a French Canadian language version of its website at www.jetlines.ca. The website will be available for access on September 14, 2017. Jetlines intends to bring low airfares to all Canadians and provide information in both of Canada’s official languages.
The Company further announces that it has agreed to issue 250,000 common voting shares to Echelon Wealth Partners Inc. as payment for certain advisory services that were provided to the Company. The transaction remains subject to the approval of the TSX Venture Exchange. Once issued the common voting shares will be subject to a statutory four month hold period.