VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2013) - On December 4, 2013, HPX TechCo Inc. ("HPX TechCo") acquired 106,489,000 common shares (the "Shares") of Kaizen Discovery Inc. ("Kaizen") (formerly Concordia Resource Corp).
The Shares represent 85% of the outstanding common shares of Kaizen.
The Shares were acquired by HPX TechCo at a deemed price of $0.31 per share pursuant to an asset purchase agreement between Kaizen and HPX TechCo announced by Kaizen on October 1, 2013. The Shares were acquired in reliance on the prospectus exemption contained in section 2.11 of National Instrument 45-106 of the Canadian Securities Administrators.
The Shares were acquired for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of Kaizen from time to time, HPX TechCo may purchase or sell securities of Kaizen.
Contact Information:
Mark Gibson
Singapore
+27(83)308.2276
+65.6338.8228 (FAX)