Jinhua Capital Corporation
TSX VENTURE : JHC.H

December 01, 2014 12:01 ET

Jinhua Capital Corporation Announces Closing of Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Jinhua Capital Corporation (the "Corporation") (TSX VENTURE:JHC.H) announces further to its press releases of October 20 and October 30, 2014, that the Corporation has closed its non-brokered private placement of 3,000,000 Common Shares at a price of $0.05 per Common Share to raise gross proceeds of up to $150,000. In addition, 300,000 Common Shares have been issued as a finder's fee. All Common Shares issued will be subject to a four month hold period and accordingly restricted from trading until March 28, 2015.

The net proceeds of the private placement will be used by the Corporation for general working capital.

About Jinhua Capital Corporation

The Corporation is a Capital Pool Corporation under the policies of the TSX Venture Exchange whose principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Corporation has not commenced commercial operations and has no assets other than a minimum amount of cash.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Jinhua Capital Corporation
    Zahir (Zip) Dhanani
    President and Chief Executive Officer
    (604) 290-4331