LONDON – Canada Jetlines Operations, an all-new Canadian leisure airline has announced that it entered into a Loan Agreement for a $1,000,000 load from Rooshelia Group Inc.
The Lender is a holding firm for a travel industry veteran, Reg Christian.
The current loan has an interest rate of 7% per year, and a maturity date of 2 years from the date of the agreement, with the principal and interest, amounts payable in equal per month instalments for the period of 2 years.
Rooshelia Group will be issued 25,000 common shares on the day that is a year from the agreement date and an additional 25,000 common shares on the date that is years from the agreement date.
The lender also will be able to gain a board nomination right for the conditions and terms and loans.
The airline plans to use the total proceeds of the load for general day-to-day operations, working and corporate capital…
