Global Crossing Airlines Group Inc. (TSXV:JET) announced non-brokered private placement of 8,064,516 units at a price of $0.62 per unit for gross proceeds of $5,000,000 on January 15, 2021. Each unit consists of one common share and one warrant exercisable at $1 per share for a period of 27 months after closing. The transaction is subject to the approval of the TSX Venture Exchange. The company may pay finder's fees of 7% in cash and 7% in finder’s warrants.