Mr. Chris Thomas reports
JINHUA ANNOUNCES APPOINTMENT OF JOHN FAHMY AS DIRECTOR
Jinhua Capital Corp. has appointed John Fahmy to its board of directors, effective immediately, following the resignation of director Kendal Yuen.
Mr. Fahmy is an investor/consultant to various public and private companies across the technology, real estate, life sciences, brick and mortar, and resources sectors. Mr. Fahmy has invested in over 50 public/private companies. He has been involved in several merchant banking transactions, focused on acquisition and business development primarily within the junior mining sector. Mr. Fahmy has been part of various successful mining projects from exploration to discovery. These deals went on to make world-class discoveries and appreciated to well over $100-million in market capitalization, and aggregate capital raised of $30-million through Mr. Fahmy's network.
Mr. Fahmy was part of the York Harbour Metals project acquisition which went on to make a world-class copper VMS (volcanogenic massive sulphide) discovery in Newfoundland, and facilitated deal origination and business development transactions.
The company would like to thank Mr. Yuen for his contributions to the company and wishes him well in his future endeavours.
In other news, the company has issued 2.3 million restricted share units (RSUs) to directors and consultants, pursuant to Jinhua's omnibus incentive program to directors and consultants. The RSUs are subject to a four-month hold from the date of issuance
About Jinhua Capital Corp.
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.
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