Global Crossing Airlines Inc.: Global Crossing Airlines Closes GEM Drawdown
Global Crossing Airlines Inc.: Global Crossing Airlines Closes GEM Drawdown TSXV: JET) ( GlobalX") announces that it has completed another draw down (the " Draw Down") under the GEM Facility in accordance with the GEM Agreement as previously disclosed (see the news release dated May 6, 2020 for further information with respect to the GEM Agreement). Pursuant to the Draw Down, on December 18, 2020 GEM Global Yield LLC SCS was issued 158,071 common voting and variable voting shares ("Shares") of GlobalX at a price of $0.791 per Share (the "Share Price") for gross proceeds of $125,035.74 and wil...
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