Kaizen Discovery appoints industry exploration veteran Eric FinlaysonVANCOUVER, CANADA — Peter Meredith, Chairman of Kaizen Discovery Inc. (TSXV: KZD), announced today that industry exploration veteran Eric Finlayson has been appointed interim Chief Executive Officer (CEO) effective March 31, 2016.
as new interim Chief Executive Officer
Mr. Finlayson has assumed the CEO position, on an interim basis, from B. Matthew Hornor, who resigned effective March 31 as Kaizen's President, CEO and a member of the Board of Directors to pursue other opportunities. To ensure a smooth transition, Mr. Hornor, who has been with Kaizen since its inception in December 2013, will continue to work with the company in an advisory capacity until May 31, 2016.
"It has been a privilege to work with our outstanding team of exploration geologists over the past three years," said Mr. Hornor. "I'm proud of the accomplishments we achieved and I am confident the company is well positioned to create long-term value for its employees, stakeholders and shareholders. While I have chosen to pursue new opportunities in my professional career, I remain deeply supportive in seeing Kaizen realize continued growth and future successes."
Mr. Meredith said the Board is grateful for Matthew's hard work and leadership during the past three years as the company has continued to grow in the midst of a challenging period for mining exploration companies. "We understand and respect his decision to step down to pursue other opportunities and wish him well in his future endeavors."
Under Mr. Hornor's leadership, Kaizen has assembled an impressive portfolio of high-quality copper and gold exploration projects in Canada and Peru. Mr. Hornor also has been instrumental in securing a strategic collaboration arrangement with ITOCHU Corporation of Japan, as well as several significant exploration funding agreements with ITOCHU.
Mr. Finlayson brings to Kaizen his commitment to technology-driven mineral exploration and more than 30 years of experience in the mining industry that has spanned multiple countries and commodities. He joined High Power Exploration Inc. (HPX) - a private, technology-focused mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland - as a senior advisor in October 2013 and became president in December 2015. He previously spent 24 years with global miner Rio Tinto, including five years as Rio's Global Head of Exploration.
In his role as interim CEO, Mr. Finlayson has assumed lead responsibilities for Kaizen's exploration and development activities as the company continues to advance its portfolio of exploration projects in Canada and Peru. Kaizen, in addition to its collaboration agreement with ITOCHU to jointly explore and develop selected, international mineral projects, also has access to HPX's proprietary, geophysical technology under a dedicated services agreement.
Mr. Finlayson said that technology advances and expanded access to international exploration grounds in recent years have created unprecedented opportunities for significant discoveries. "I'm looking forward to working directly with members of the Kaizen team to build upon the momentum that they have generated toward their goal of making a significant mineral discovery."
Mr. Finlayson will retain his position as President of HPX, which indirectly owns 60.7% of Kaizen's issued and outstanding shares through a subsidiary company, HPX TechCo Inc.
In an additional personnel change, Steve Vanry, Kaizen's Executive Vice President of Corporate Development since 2014, resigned his position effective March 31, 2016. Kaizen appreciates his contributions and wishes him well in his future professional pursuits.
About Kaizen Discovery
Kaizen is a Canadian mineral exploration and development company with a portfolio of exploration projects in Canada and Peru. 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.
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.
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Kaizen's and AM Gold's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.
Although Kaizen has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Kaizen disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Kaizen does not assume any liability for disclosure relating to any other company herein.
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