Jinhua to issue 6.1 million shares for debt of $122,050

Executive Summary

• Jinhua Capital Corp. proposes to settle $122,050 of outstanding debt by issuing 6,102,500 common shares at a deemed price of $0.02 per share.
• The settlement covers consulting fees and loan amounts owed to creditors.
• Issuance is pending TSX Venture Exchange approval and will be subject to a statutory hold period of four months plus one day.

Key Details

• Debt Amount: $122,050 total outstanding debt.
• Settlement Mechanism: Equity issuance – 6,102,500 common shares.
• Deemed Issue Price: $0.02 per share (equivalent to the debt amount).
• Purpose of Settlement: Full satisfaction of consulting services fees and loan obligations owed to creditors.
• Regulatory Condition: Issuance requires approval from the TSX Venture Exchange.
• Statutory Hold Period: Shares issued will be subject to a hold period of four months plus one day from issuance, per securities legislation.

Notable Quotes

(No quotes provided in the release.)