Kaizen and HPX complete conversion of outstanding loan into common shares of Kaizen

23 September 2016

September 23, 2016 
VANCOUVER, CANADA – Kaizen Discovery Inc. (TSXV: KZD) announced today that, further to its September 15, 2016 news release, Kaizen has received approval from the TSX Venture Exchange and has converted the full amount of principal and interest owing on a loan facility provided to Kaizen by its majority shareholder, HPX TechCo Inc. (HPX), totaling approximately C$5.07 million, into common shares of Kaizen at a conversion price of C$0.1575 per share.