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Kaizen Discovery Inc
Symbol KZD
Shares Issued 148,625,237
Close 2014-08-20 C$ 0.51
Market Cap C$ 75,798,871
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Kaizen receives $4-million from Itochu for Aspen Grove

2014-08-22 07:34 ET - News Release

Mr. B. Matthew Hornor reports

KAIZEN DISCOVERY RECEIVES $4 MILLION FINANCING FROM ITOCHU TO FULLY FUND TWO-YEAR EXPLORATION PROGRAM AT ASPEN GROVE PROJECT

Kaizen Discovery Inc. has received $4-million in project financing following the execution of a definitive investment agreement earlier this week with strategic partner Itochu Corp. of Japan. In September, 2014, Kaizen and Itochu will begin a two-year campaign to aggressively explore key targets at Kaizen's newly acquired Aspen Grove copper-gold porphyry project in Southern British Columbia.

"It is a pleasure to welcome Itochu and its accomplished management team as our partner on the Aspen Grove project," said B. Matthew Hornor, president and chief executive officer of Kaizen.

"Their participation provides a strong endorsement of the project and complements the quality of our team. This is a highly attractive funding package that is well aligned with our development plans."

Kaizen's 2014/2015 exploration plans for the Aspen Grove project include more than 10,000 metres of diamond drilling, including 2,000 metres at the advanced Par prospect, to be initiated in September, 2014, in conjunction with an induced polarization survey.

Aspen Grove is located between the Highland Valley and Copper Mountain mines at the southern end of British Columbia's copper-rich Quesnel trough. The project's proximity to Vancouver, year-round road access and on-site grid power will help enable Kaizen to efficiently test widespread copper mineralization that has been found in several targets.

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