Jinhua Capital Raises $1.2M in Private Placement

Jinhua Capital Corporation (TSE:JHC) has released an update.

Jinhua Capital Corporation successfully completed the initial phase of its non-brokered private placement, raising over $1.2 million. The offering included the sale of both flow-through and non flow-through units, with the proceeds intended to fund exploration in Quebec and cover general corporate expenses. Finders fees were paid in connection with the tranche, and all securities are subject to a four-month hold period.

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