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Jinhua Capital Corporation ( (TSE:JHC) ) has issued an announcement.
Jinhua Capital Corporation, a company listed on the TSX Venture Exchange, has entered into an agreement to acquire the Imperial Copper Property from Cronin Exploration Corp. This property, located in British Columbia, shows potential for copper, gold, and silver mineralization, with historical samples indicating significant mineral content. The acquisition is an all-cash transaction, with a structured payment and work obligation plan over four years. Concurrently, Jinhua has arranged a $950,000 private placement to fund the acquisition, exploration activities, and general working capital. This strategic move could enhance Jinhua’s position in the mining sector by expanding its resource base and exploration potential.
More about Jinhua Capital Corporation
Average Trading Volume: 92,883
Technical Sentiment Signal: Sell
Current Market Cap: C$152.3K
For a thorough assessment of JHC stock, go to TipRanks’ Stock Analysis page.