Inovent Capital Inc. (TSXV: IVQ.P) (“Inovent”) and Canada Jetlines Ltd. (“Jetlines”) are pleased to announce a settlement of the outstanding litigation between them, first disclosed by Inovent in its news release of March 12, 2015.
Under the terms of the settlement, Jetlines has paid Inovent $25,000 and is required to pay a further $80,000 by September 30, 2015. In addition, Jetlines will issue to Inovent 200,000 warrants entitling Inovent to purchase 200,000 Jetlines common shares at price of $0.50 per share for a period of two years. Upon payment in full, Inovent will consent to a dismissal of its lawsuit against Jetlines without costs, and release the general security agreement registered by Inovent against Jetlines.
On behalf of the board of Inovent:
INOVENT CAPITAL INC.Per: “David Brett”David H. Brett, MBAChief Executive Officer & Director
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
Etihad Airways has signed an interline agreement with Nigerian airline Ibom Air, enabling travellers to connect seamlessly beyond Lagos and Accra to five destinations across Nigeria on a single t...
UH-60 Black Hawk helicopters operated by Helicopter Alliance played a vital role in combating wildfires across Central and Southern Europe during the aerial firefighting season that has now concluded....
Following the successful public flight demonstrations at Expo 2025 Osaka, SkyDrive announced plans to undertake a feasibility study exploring the conversion of Osaka City’s existi...
