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Kaizen Discovery Inc
Symbol KZD
Shares Issued 343,554,821
Close 2021-08-18 C$ 0.045
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Kaizen Discovery rights offering

2021-08-18 19:04 ET - Rights Offering

Kaizen Discovery Inc. will offer to shareholders of record on Aug. 23, 2021, rights to purchase shares of the company. The company will issue 0.4851239331 right for each common share held. One whole right and 4.5 cents are required to purchase one common share. The expiry date for the rights offering is Sept. 16, 2021. As at Aug. 9, 2021, the company had 343,554,821 shares issued and outstanding.

Effective at the opening, Friday, Aug. 20, 2020, the shares of the company will trade ex rights and the rights will commence trading at that time on a when-issued basis. The Company is classified as a mining company.

Summary

Basis of offering:  one whole right exercisable for one share at 4.5 cents per share

Record date:  Aug. 23, 2021

Shares trade ex rights:  Aug. 20, 2021

Rights called for trading:  Aug. 20, 2021

Rights trade for cash:  Sept. 14, 2021 (Trading in the rights shall be for cash for the two trading days preceding the expiry date.)

Rights expire:  Sept. 16, 2021, at 5 p.m. Vancouver time

Trade dates:  Sept. 14, 2021, to settle Sept. 15, 2021; Sept. 15, 2021, to settle Sept. 16, 2021; Sept. 16, 2021, to settle Sept. 16, 2021

The rights will be halted at 12 p.m. Toronto time on Sept. 16, 2021, and will be delisted at the close of markets.

Rights trading symbol:  KZD.RT

Rights Cusip No.:  48311A 12 6

Subscription agent and trustee:  Computershare Investor Services Inc.

Authorized jurisdictions:  all provinces and territories of Canada

For further details, please refer to the company's rights offering circular dated Aug. 9, 2021.

The company's rights offering circular has been filed with and accepted by the TSX Venture Exchange.

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