Jinhua Capital Corporation Announces Proposed Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Oct 20, 2014) - Jinhua Capital Corporation (the "Corporation") (TSX VENTURE:JHC.P) announces that it proposes to offer by way of a non-brokered private placement of up to 2,000,000 Common Shares at a price of $0.05 per Common Share to raise gross proceeds of up to $100,000. Subject to regulatory approval, a finder's fee will be paid in relation to the Common Shares sold at the discretion of the Corporation.
The net proceeds of the private placement will be used by the Corporation for general working capital.
The offering is subject to all necessary corporate and regulatory approvals.
About Jinhua Capital Corporation
The Corporation is a Capital Pool Corporation under the policies of the TSX Venture Exchange whose principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Corporation has not commenced commercial operations and has no assets other than a minimum amount of cash
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 RELEASE.
This press release contains forward-looking information within the meaning of applicable securities laws. Such information includes, without limitation, information regarding the closing of the proposed private placement. The Corporation cautions investors that any forward-looking information provided by the Corporation is not a guarantee of future results or performance. There are risks associated with the proposed private placement including, but not limited to, the state of the financial market for the Corporation's equity securities; recent market volatility; and the Corporation's ability to obtain all necessary approvals.
