Kaizen Capital Corp.
TSX VENTURE : KZN.P

February 14, 2012 20:30 ET

Kaizen Capital Corp. Announces Expiration of Letter of Intent for the Acquisition of Casa Mining Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Kaizen Capital Corp. (the "Corporation" or "Kaizen") (TSX VENTURE:KZN.P) wishes to announce that the letter of intent dated October 12, 2011 and amended December 9, 2011 (the "Letter of Intent"), relating to a proposed business combination that would have resulted in Casa Mining Ltd. becoming a wholly-owned subsidiary of the Corporation (the "Proposed Acquisition"), has expired and due to the inability to meet certain milestones required in the Letter of Intent, the Corporation has determined that it does not intend to pursue the Proposed Acquisition further.

The Corporation will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction and looks forward to announcing a potential acquisition in the near future.

Trading of the common shares of the Corporation is expected to resume, subject to regulatory approval, on or about Thursday, February 16, 2012.

Cautionary statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Corporation cannot offer any assurances that a qualifying transaction will be completed. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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.

Contact Information

  • Kaizen Capital Corp.
    Richard A. Graham
    President, Chief Executive Officer, Chief Financial Officer,
    Corporate Secretary and Director
    (604) 689-1428