Kaizen Discovery grants stock optionsVANCOUVER, CANADA -- Kaizen Discovery (TSXV: KZD) announced today that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants to purchase up to an aggregate of 3,355,000 common shares in the capital stock of the company.
The options are exercisable at a price of $0.30 per share and will vest 25% on the date of grant, with an additional 25% vesting on each anniversary of the date of grant thereafter until fully vested. The options expire on January 20, 2020.
The company also has cancelled 500,000 stock options in accordance with the terms of its Stock Option Plan.
About Kaizen Discovery
Kaizen is a Canadian technology-focused, mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan (market capitalization of approximately $20 billion; ticker symbol 8001: Tokyo) in January 2014 and has access to HPX TechCo's proprietary geophysical Typhoon technology under a dedicated services agreement. Kaizen's long-term growth strategy is to work with 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.
More information on Kaizen is available at www.kaizendiscovery.com.
B. Matthew Hornor
President and CEO
Executive Vice President -- Corporate Development
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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