09:57 AM EST - Inovent Capital Inc. : reported that its Qualifying Transaction target Canada Jetlines Ltd. has committed numerous material and significant breaches of the amalgamation agreement signed by the parties on September 12, 2014, as amended, including an unauthorized private dilution of its shares on January 16, 2015. As a result of Jetlines' breaches of the Agreement, including the failure to disclose to Inovent certain material adverse developments in the Jetlines business, Inovent no longer considers the disclosures about Jetlines contained in the Inovent-Jetlines Amended and Restated Preliminary Prospectus filed December 19, 2014 to be reliable and, therefore, Inovent is withdrawing its support of that offering document. Inovent Capital Inc.
shares V.IVQ.P are trading unchanged at $0.07.
