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An announcement from Jinhua Capital Corporation ( (TSE:JHC) ) is now available.
Jinhua Capital Corporation has announced a proposed debt settlement transaction to address an outstanding debt of $122,050 owed to certain creditors. The company plans to issue 6,102,500 common shares at a price of $0.02 per share to settle the debt, subject to TSX Venture Exchange approval. This move aims to strengthen Jinhua’s financial position and potentially improve its market standing by resolving its liabilities through equity issuance.
More about Jinhua Capital Corporation
Jinhua Capital Corporation is a mineral exploration company focused on exploring base metals properties in Canada, particularly in British Columbia. The company occasionally evaluates the acquisition of other mineral exploration assets and opportunities.
Average Trading Volume: 63,021
Technical Sentiment Signal: Sell
Current Market Cap: C$121.8K
Learn more about JHC stock on TipRanks’ Stock Analysis page.