Business & Finance
Business and Finance
Business and Finance
Thu, March 1, 2012 Jinhua Capital Corporation Announces Proposed Non-Brokered Private Placement and Appointment of Director
March 01, 2012 13:33 ET
Jinhua Capital Corporation Announces Proposed Non-Brokered Private Placement and Appointment of Director
CALGARY, ALBERTA--(Marketwire - March 1, 2012) - Jinhua Capital Corporation (the "Corporation") (TSX VENTURE:JHC.P) announces that it proposes to offer by way of a non-brokered private placement, subject to regulatory approval, up to 6,500,000 Common Shares at a price of $0.05 per Common Share to raise gross proceeds of up to $325,000.
The net proceeds of the private placement will be used by the Corporation for general working capital.
The Corporation is also pleased to announce the appointment of Zahir (Zip) Dhanani as an additional director of the Corporation. Mr. Dhanani has served as an officer and director of a number of public companies and is currently a director of Terraco Gold Corp., a company listed on the TSX Venture Exchange. He is also the President and Chief Executive Officer of Arvana Inc.
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.
