GLOBAL CROSSING AIRLINES GROUP INC. ("JET") ("JET.B")
BULLETIN TYPE: Substitutional Listing, Supplemental Listing, Delist, Resume Trading
BULLETIN DATE: July 12, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation in connection with a share capital reorganization of the Company (the "Reorganization"). Under the Reorganization, the Company's existing shareholders shall receive shares of the Company as follows:
1. shareholders who completed a declaration confirming they are a United States citizen shall receive one new share of common stock (a "New Common Share") for every existing share of common stock (an "Old Common Share") they hold. The New Common Share shall be identical in all respects to the Old Common Share except it will have a new CUSIP (37960G401).
2. shareholders who (i) did not complete a declaration or (ii) completed a declaration confirming that they are not United States citizens, shall receive one share of Class B Non-Voting Common Stock (a "Class B Non-Voting Share") for every Old Common Share they hold. The Class B Non-Voting Share shall be identical in all respects to the Old Common Share except it will be non-voting and have a new CUSIP (37960G302) and new stock symbol (JET.B).
Substitutional Listing:
In accordance with the above-referenced Reorganization, effective at the market opening on Wednesday, July 14, 2021, the New Common Shares will commence trading on the Exchange.
Capitalization: 144,462,687 New Common Shares with no par value of which
19,483,355 New Common Shares are issued and outstanding
Escrowed Shares: 7,105,710 New Common Shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: JET (UNCHANGED)
CUSIP Number: 37960G401 (NEW)
Supplemental Listing:
In accordance with the above-referenced Reorganization, effective at the market opening on Wednesday, July 14, 2021, the Class B Non-Voting Shares will commence trading on the Exchange.
Capitalization: 50,000,000 Class B Non-Voting Shares with a par value of USD$0.001 of which
25,442,099 Class B Non-Voting Shares are issued and outstanding
Escrowed Shares: Nil Class B Non-Voting Shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: JET.B (NEW)
CUSIP Number: 37960G302 (NEW)
Delist:
In conjunction with the closing of the Reorganization, the Old Shares of the Company will be delisted from the Exchange. Accordingly, effective at the close of business, Tuesday, July 13, 2021 the Old Shares of the Company will be delisted.
For further information on the Reorganization please refer to the management information circular dated May 25, 2021 and the Company's news releases dated May 21, 2021, June 11, 2021, June 30, 2021, and July 9, 2021.
Resume Trading
Effective at the market opening on Wednesday, July 14, 2021, trading in the shares of the Company will resume, an announcement having been made.
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