|By Marketwired .||
|May 2, 2014 07:30 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/02/14 -- Kaizen Discovery (TSX VENTURE: KZD) announced today that, pursuant to its Stock Option Plan, it has granted incentive stock options to company director Dr. Kuang Ine Lu to purchase up to an aggregate of 300,000 common shares in the capital stock of the company. Dr. Lu was appointed to the company's Board of Directors in April 2014.
The options are exercisable at a price of $0.67 per share and will vest 20% on the date of grant, with an additional 20% vesting on each anniversary of the date of grant thereafter until fully vested. The options expire on May 2, 2019.
About Kaizen Discovery
Kaizen is a Canadian technology-focused, mineral exploration company that was formed in late 2013 through a combination of Concordia Resource Corp. and assets acquired from HPX TechCo Inc., a 100%-owned subsidiary of High Power Exploration Inc. With its collaboration agreement with ITOCHU Corporation of Japan and access to HPX TechCo's proprietary geophysical technology, Kaizen's long-term growth strategy is to work with Japanese partners 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 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.