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
The Los Angeles Rams have touched down in Melbourne on a Qantas charter flight ahead of Friday's NFL game at the Melbourne Cricket Ground, the first regular season game the league has played in Au...
Emirates has further strengthened its leadership in cabin innovation with the introduction of the world’s first electrically powered Premium Economy seat, now entering service on the airline&rsq...
Lufthansa Technik and Emirates have reinforced their long‑standing strategic partnership with the renewal of a multi‑year agreement covering base maintenance services for Emirates’ Airbus A380 f...
With the acquisition of two Tecnam P2006T aircraft, Epic Flight Academy elevates its training environment to a new level of modernity. The aircraft’s sleek airframe, cutting‑edge avionics, and e...
