Kaizen Discovery Update on exploration projects in BC

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By peterc on February 23, 2017. No Comments

On February 6, 2017, Kaizen entered into a purchase agreement with Colorado Resources Ltd. (TSXV: CXO) whereby Colorado acquired a 100% interest in Kaizen’s Castle gold-silver-copper property in northern British Columbia, subject to a 2% percent net smelter royalty payable to the underlying original vendor. In exchange for the sale of the Castle Project, Kaizen received 1,000,000 units of Colorado, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles Kaizen to purchase a further common share in Colorado at a purchase price of $0.60 per share for a period of 24 months


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