Jinhua Capital Corporation
TSX VENTURE : JHC.H

July 16, 2012 16:12 ET

Jinhua Capital Corporation Announces Proposed Consolidation of Common Shares

CALGARY, ALBERTA--(Marketwire - July 16, 2012) - Jinhua Capital Corporation (the "Corporation") (TSX VENTURE:JHC.H), a capital pool company trading on the NEX board of the TSX Venture Exchange, announces that in order to allow maximum flexibility to structure and complete a Qualifying Transaction as defined in Policy 2.4 of the TSX Venture Exchange, the Corporation will be placing before its shareholders at its Annual and Special Meeting to be held August 29, 2012 (the "Meeting") a special resolution (the "Share Consolidation Resolution") authorizing the Corporation to file articles of amendment to provide for the consolidation of the issued and outstanding Common Shares of the Corporation on the basis of one (1) post-consolidation Common Share for up to every six (6) pre-consolidation Common Shares (the "Consolidation"), The Share Consolidation Resolution must be passed by a majority of not less than two-thirds of the votes cast by the shareholders who vote in respect of the resolution. The Consolidation is subject to TSX Venture Exchange acceptance. The Corporation currently has 5,800,000 issued and outstanding Common Shares. There will be no change of the Corporation's name in conjunction with the Consolidation.

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
    Francis Leong
    President and Chief Executive Officer
    (403) 861-5618