Kaizen Capital Corp.
TSX VENTURE : KZN.H

June 18, 2014 14:21 ET

Kaizen Capital Corp. Files Year-End Financial Statements

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2014) -

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Kaizen Capital Corp. (the "Corporation" or "Kaizen") (TSX VENTURE:KZN.H) has filed its audited financial statements for the year ended March 31, 2014. At year end, March 31, 2014, Kaizen had $10,001 in cash and working capital of $1,649.

In order to remain a going concern and to meet its corporate objectives, the Corporation intends to complete an equity financing. As required by the NEX Policies, the Corporation will also seek shareholder approval at its upcoming Annual and Special General Meeting on August 15, 2014 to issue more than 100% of its outstanding shares in any 12 month period. This approval provides the Corporation with the flexibility to continue to meet its ongoing financial obligations; however, there is no guarantee that the Corporation will complete a financing of this size.

The Corporation is a Capital Pool Company ("CPC") within the meaning of the policies of the TSX Venture Exchange (the "TSXV") and trades on the NEX board. Kaizen has not commenced commercial operations and has no assets other than cash. The Company is currently engaged in identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction under the TSXV CPC policies.

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 Graham
    Director
    (604) 689-1428