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Kaizen Discovery Inc
Symbol KZD
Shares Issued 343,554,821
Close 2021-09-14 C$ 0.05
Recent Sedar Documents

Kaizen receives proxy firm support for AGM resolutions

2021-09-15 09:29 ET - News Release

Mr. Eric Finlayson reports

INDEPENDENT PROXY ADVISORY FIRMS PROVIDE POSITIVE VOTING RECOMMENDATIONS FOR REORGANIZATION RESOLUTIONS AT KAIZEN'S UPCOMING ANNUAL GENERAL MEETING

Two leading independent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co., have provided their respective voting recommendations to shareholders at Kaizen Discovery Inc.'s coming annual general meeting of shareholders to be held on Monday, Sept. 27, 2021, at 11 a.m. (Pacific Time).

Both ISS and Glass Lewis were supportive in their recommendations on Kaizen's neeting resolutions, with the exception of Glass Lewis, which recommended shareholders vote against the resolution to approve the long-term incentive plan. However, ISS has recommended in favour of the long-term incentive plan.

Meeting natters

The meeting will be held as a physical and virtual hybrid meeting.

Physical attendance

Pan Pacific Vancouver, Pacific Rim, Suite 1

300-999 Canada Place, Vancouver, B.C., V6C 3B5

Participant/guest (toll-free): 1-877-407-2991

1-201-389-0925 (toll number)

Meeting No. 14

To ensure a smooth functioning meeting, and in light of the continuing public health concerns related to COVID-19 and the challenges and uncertainties that it brings, the company kindly asks shareholders planning to attend the meeting at the physical address above to notify the company's corporate secretary at Suite 606-999 Canada Place, Vancouver, B.C., Canada V6C 3E1, or by calling toll-free within North America at 1-888-571-4545 or direct from outside of North America at 1-604-669-6446 (not a toll-free number), or by e-mail at info@kaizendiscovery.com.

Your vote is important -- please vote

The company recommends that shareholders vote for all resolutions.

Kaizen shareholders who have questions or require assistance with voting can contact the proxy solicitation agent Laurel Hill Advisory Group at 1-877-452-7184 or by e-mail at assistance@laurelhill.com.

The company strongly encourages your participation in the meeting this year. It is an exciting time for the company, as it is undertaking a corporate reorganization that it believes will act as a catalyst for a new period of growth and development of the business and for its shareholders. The reorganization involves several separate steps, including a conversion of outstanding debt to common shares that will clean-up the company's balance sheet: a $7.5-million rights offering, fully supported by a standby commitment, that raises new capital for the development of the business; the addition of new independent directors to build out the expertise of the company's board and for corporate governance purposes; and, finally, a share consolidation that will establish an appropriate issued common share capital for the company. Upon completion, the reorganization will result in the company being well capitalized, debt-free and efficiently structured to advance its mineral projects and to drive value for its shareholders.

Kaizen encourages all shareholders to read the meeting materials available on the company's SEDAR profile and the company's website.

About Kaizen Discovery Inc.

Kaizen is a Canadian mineral exploration and development company with exploration projects in Peru and Canada.

We seek Safe Harbor.

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