6 May 2016
VANCOUVER, CANADA – Kaizen Discovery Inc. (TSXV: KZD) announced today that it has received approximately C$1.3 million from its majority shareholder, HPX TechCo Inc. (HPX), as a drawdown of a loan facility from HPX. Kaizen now has received the full C$5.0 million principal amount available under the loan facility.
Including the drawdown announced today, Kaizen's consolidated cash balance is now approximately C$3.8 million. Kaizen plans to use its increased cash position to fund anticipated expenditures during the remainder of 2016.