Jinhua Capital Corporation (TSE:JHC) has released an update.
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Jinhua Capital Corporation has successfully completed the initial phase of its non-brokered private placement, raising $1,220,999.96 through the sale of flow-through and non-flow-through units. These funds will primarily finance exploration activities in Quebec and provide working capital for general corporate purposes. The company has also paid finders fees and issued warrants as part of the transaction, with securities subject to a four-month hold period.
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