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Jinhua Capital Corp (3)
Symbol	JHC
Shares Issued	48,339,192
Close 2023-11-24	C$ 0.045
Market Cap	C$ 2,175,264
Recent Sedar+ Documents

Jinhua Capital closes $248,000 2nd tranche of offering

2023-12-06 09:26 ET - News Release

Subject: Jinhua Capital Corp. - Immediate dissemination Word Document File: '\\swfile\EmailIn\20231206 061901 Attachment Jinhua - News Release announcing Closing of Second_Final Tranche of Non-brokered Private Placement_Final.docx' LEGAL_42757605.1 Jinhua Capital Corporation TSXV: JHC JINHUA CAPITAL CORPORATION 1500 - 1055 West Georgia Street Vancouver, British Columbia V6E 4N7 Jinhua Closes Final Tranche of Previously Announced Non-Brokered Private Placement for Combined Gross Proceeds of $1,468,999 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, BC - December 6, 2023 - Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce that, further to its news release dated November 6, 2023 announcing a private placement (the "Offering"), the Company closed the second and final tranche of the Offering (the "Second Tranche" and has received gross proceeds of $248,000 by the issuance of 4,133,334 flow through units (the "FT Units"). The FT Units were issued at $0.06 per FT Unit. Combined with the first tranche, the aggregate gross proceeds of the Offering were approximately $1,468,999. Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) and one-half of a common share purchase warrant (each whole warrant, a "FT Warrant"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company (a "FT Warrant Share") at a price of $0.10 per FT Warrant Share for a period of 18 months from the closing of the Offering, subject to acceleration of the expiry date to 15 days in the event that the price of the Company's common shares close at or above $0.25 for 10 consecutive trading days. The Second Tranche's gross proceeds raised from the issuance of the FT Units will be used by the Company to incur exploration expenditures on the Company's resource claims in the province of Quebec and will constitute "Critical Mineral Canadian exploration expenses" as defined in the Income Tax Act (Canada). The Company has paid $19,840 in finders fees to eligible finders in connection with the Second Tranche, being 8% of the aggregate proceeds from the sale FT Units to subscribers introduced by such finders. The Company has also issued 165,333 finders warrants (each a "Finders Warrant") and 165,333 finders shares, each representing 4% of the aggregate proceeds from the sale FT Units to subscribers introduced by such finders. Each Finders Warrant shall entitle the holder thereof to purchase one additional common share at a price of $0.10 for 12 months from the closing of the Offering. The securities issued in the Second Tranche of the Offering are subject to a four month and one (1) day hold period, expiring on March 30, 2024. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About the Company Jinhua is a mineral exploration company focused on exploring the Pluto Gold and Base Metals Property located in the Dolomieu and Daubree Townships of Quebec and the Indigo Graphite Project in the Saint-Michel-des-Saints municipality of Quebec. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities. For further information, please contact: Chris Thomas, Interim CEO and Director e: Thomas.chris250@gmail.com Forward-Looking Statements This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. 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 news release. PDF Document File: Attachment Jinhua - News Release announcing Closing of Second_Final Tranche of Non-brokered Private Placement_Final.pdf Jinhua Capital Corporation TSXV: JHC JINHUA CAPITAL CORPORATION 1500 - 1055 West Georgia Street Vancouver, British Columbia V6E 4N7 Jinhua Closes Final Tranche of Previously Announced Non-Brokered Private Placement for Combined Gross Proceeds of $1,468,999 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, BC December 6, 2023 Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce that, further to its news release dated November 6, 2023 announcing a private placement (the "Offering"), the Company closed the second and final tranche of the Offering (the "Second Tranche" and has received gross proceeds of $248,000 by the issuance of 4,133,334 flow through units (the "FT Units"). The FT Units were issued at $0.06 per FT Unit. Combined with the first tranche, the aggregate gross proceeds of the Offering were approximately $1,468,999. Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) and one-half of a common share purchase warrant (each whole warrant, a "FT Warrant"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company (a "FT Warrant Share") at a price of $0.10 per FT Warrant Share for a period of 18 months from the closing of the Offering, subject to acceleration of the expiry date to 15 days in the event that the price of the Company's common shares close at or above $0.25 for 10 consecutive trading days. The Second Tranche's gross proceeds raised from the issuance of the FT Units will be used by the Company to incur exploration expenditures on the Company's resource claims in the province of Quebec and will constitute "Critical Mineral Canadian exploration expenses" as defined in the Income Tax Act (Canada). The Company has paid $19,840 in finders fees to eligible finders in connection with the Second Tranche, being 8% of the aggregate proceeds from the sale FT Units to subscribers introduced by such finders. The Company has also issued 165,333 finders warrants (each a "Finders Warrant") and 165,333 finders shares, each representing 4% of the aggregate proceeds from the sale FT Units to subscribers introduced by such finders. Each Finders Warrant shall entitle the holder thereof to purchase one additional common share at a price of $0.10 for 12 months from the closing of the Offering. The securities issued in the Second Tranche of the Offering are subject to a four month and one (1) day hold period, expiring on March 30, 2024. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About the Company Jinhua is a mineral exploration company focused on exploring the Pluto Gold and Base Metals Property located in the Dolomieu and Daubree Townships of Quebec and the Indigo Graphite Project in the Saint- Michel-des-Saints municipality of Quebec. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities. LEGAL_42757605.1 For further information, please contact: Chris Thomas, Interim CEO and Director e: Thomas.chris250@gmail.com Forward-Looking Statements This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward- looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. 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 news release. LEGAL_42757605.1