Jinhua Capital Corporation (TSE:JHC) has released an update.
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Jinhua Capital Corporation announced the successful closure of the first tranche of their private placement, raising $1,220,999.96 through the issuance of flow-through and non-flow-through units. The proceeds will fund exploration in Quebec and general corporate purposes, with certain incentives offered to holders of the newly issued warrants. The company also paid out finders fees and issued warrants and shares to eligible finders as part of the transaction.
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