Jinhua Capital Corporation (TSE:JHC) has released an update.
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Jinhua Capital Corporation has successfully completed the first tranche of its non-brokered private placement, raising $1,220,999.96 through the issue of flow-through and non-flow-through units. The proceeds are earmarked for exploration expenditures in Quebec and for general corporate purposes, with a portion of the funds raised dedicated to finder’s fees and warrants. The new securities are subject to a four-month hold period expiring in March 2024.
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