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| November 20, 2014 --- Vol. 08, No. 47 | November 2014
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Nunavut
COPPER – Kaizen Discovery Inc. Nov. 18 reported that it has completed the acquisition of all of the outstanding securities of Tundra Copper Corp. in exchange for common shares of Kaizen. Tundra Copper was a private British Columbia mineral exploration company formed in 2013 that staked more than 310 square kilometers (120 square miles) of claims covering multiple showings in the Coppermine District, Nunavut. Historical data from these showings indicate that widespread high-grade copper mineralization occurs in volcanics and that the area possesses the geological potential to host significant tonnage. Kaizen says assay results from a recent channel sampling program across zones of volcanic hosted high-grade copper mineralization are expected in the next few days. The channel sampling program was aimed at verifying historical grades of surface showings. “This is another significant step in the strategy of positioning Kaizen for future growth. Kaizen’s long-term growth strategy is to work with ITOCHU Corp. under the existing framework agreement, as well as other Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector,” said Kaizen President and CEO Matthew Hornor. In October 2014, Kaizen staked claims and applied for prospecting permits covering 3,320 square kilometers (1,282 square miles) prospective for sediment-hosted stratiform copper, near Tundra Copper’s holdings in the Coppermine District. Under the terms of the acquisition, each Tundra Copper security holder received 0.7 of one Kaizen common share for each Tundra Copper security held. Tundra Copper security holders now own approximately 4.2 percent of the outstanding common shares of Kaizen. Approximately 4.2 million Kaizen shares issued to certain principals of Tundra Copper are subject to a two-year release schedule, with 25 percent being released every six months from the closing date. The remaining approximately 2.4 million Kaizen shares issued to Tundra Copper security holders are subject to a resale restriction ending six months from the closing date. Kaizen also has entered into a debt settlement agreement, pursuant to which Kaizen proposes to issue 250,000 Kaizen shares to certain debtor shareholders of Tundra Copper at a price of C37 cents per share. All of the Kaizen shares issued to the debtors will be subject to the same two-year release schedule described above.
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