Subject: Jinhua - News Release for immediate disseminationte
Word Document
File: '\\swfile\EmailIn\20250825 125332 Attachment Jinhua - News Release announcing June 6 2025 Shares for debt details_2025-08-25.docx'
LEGAL_44635463.3
Jinhua Capital Corporation TSXV: JHC JINHUA CAPITAL CORPORATION
Suite 1500 - 1055 West Georgia Street
Vancouver, British Columbia
V6E 4N7
Jinhua Announces Proposed Debt Settlement Transaction
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 - August 25, 2025 - Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") announced on June 6, 2025 that it intends to settle an aggregate of $122,050 in outstanding debt (the "Debt") owed to certain creditors of the Company (the "Creditors"). The TSX Venture Exchange (the "Exchange") have requested the following details with regards to the issuance of the Shares for debt as follows:
Name and Address of Creditor
Amount Owing
Deemed Price per Share
# of Shares
# of Warrants
Nature of Debt (e.g. trade payable, management fees, etc)
Previously Disclosed in Financial Statements (Y/N)
Non Arm's Length Party=NP
ProGroup=P
Not Applicable=N/A
Kluane Capital FZCO
(James Rogers)
20113 - 001, IFZA Business Park, DDP, Dubai, UAE,
$5,000
$0.02
250,000
nil
Consulting Fees
Yes
N/A
Amandeep Rai
1601 - 1077 Marinaside Crescent, Vancouver, B.C., V6Z 2Z5
$21,250
$0.02
1,062,500
Nil
Promissory Note: $11,250.00
Consulting Fees: $10,000.00
Yes
N/A
PBK Capital Corp., (Brad Kitchen)
1500 - 1055 West Georgia Street, Vancouver, B.C.,
$47,900
$0.02
2,395,000
Nil
Short Term Loan
Yes
N/A
Cronin Capital Corp. (Kyler Hardy)
520 - 999 West Hastings Street, Vancouver, B.C., V6C 2W2
$47,900
$0.02
2,395,000
Nil
Promissory Note
Yes
N/A
Total
$122,050
$0.02
6,102,500
The Debt arose from consulting services provided by the Creditors for the Company (the "Services") as well as funds loaned to the Company by the Creditors (the "Loans"). In settlement and full satisfaction of the Debt in connection with the Services and the Loans, the Company has agreed to issue to the Creditors an aggregate of 6,102,500 common shares in the capital of the Company (the "Debt Shares") at a deemed issue price of $0.02 per Debt Share (the "Debt Settlement"). The issuance of the Debt Shares is subject to receipt of TSX Venture Exchange approval. All Debt Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the Debt Shares in accordance with applicable securities legislation.
About the Company
Jinhua is a mineral exploration company focused on exploring Base Metals Properties located in Canada with a focus on British Columbia. 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
c: +1 (778) 988.8650
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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.
© 2026 Canjex Publishing Ltd. All rights reserved.