The company aims to explore precious and base metal deposits in China. 1996, Mingke Company and the First Exploration Bureau of the General Bureau of Geological Exploration of the former Ministry of Metallurgy established the first exploration company in China-China-Canada joint venture Huajia Mining Company to explore Wenjiagou Gold Mine in Chengde, Hebei Province. Taking this opportunity, Canada Mingke Mining and Metals Company completed 9.66 million Canadian dollars of risk exploration financing in the form of private placement. 1On May 4th, 1996, Mingke Mining and Metals Company reached a private placement agreement with Kanakol Capital Company and First Marathon Securities Co., Ltd. ... These two companies, assisted by brokers, issued 3.2 million rights issue options at a price of 2. 55 Canadian dollars per share, raising 8,654.38+600,000 Canadian dollars. In addition, freely tradable shares were issued, raising 6.5438+0.5 million Canadian dollars. The holder of the rights issue warrant has the right to buy another share at a price of 2. 55 Canadian dollars per share in one year. Mingke Mining and Metals Company has established strategic alliances with two large mining companies, Tech and Cominco. The two companies privately invested 500,000 Canadian dollars and also presented 250,000 rights issue options. The two companies will give priority to the exploration rights of Mingke Mining and Metals Company in China within three years.