Kaizen Discovery Inc V.KZD

Metals & Mining Industrial Metals & Minerals

Kaizen Discovery Inc. is a Canada-based mineral exploration and development company with exploration projects in Peru and Canada. The Company's mineral property portfolio consists of exploration-stage mineral projects in Peru and Canada. Its projects include Pinaya Project, Aspen Grove Project, and Coppermine Project. The Pinaya Project covers about 100.65 square kilometers and includes more than 10 kilometers (km) of strike length within the Andahuaylas-Yauri Porphyry Belt in southeastern Peru. The Aspen Grove project is located in southern British Columbia, near the town of Merritt, and comprises 29 claims (11,237 hectares). The Company, through its wholly owned subsidiary Tundra Copper Corp., holds 153 Crown Land mineral claims totaling 1,659 square kilometers. The Company also has Tanzilla and Pliny porphyry copper-gold projects, located in the Stikine terrane of northwestern British Columbia. The Company is a subsidiary of Ivanhoe Electric (BVI) Inc.

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Kaizen Discovery Inc

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Comment by Tibberon Dec 21, 2006 6:17pm

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Post# 11908735

RE: only 26 million outstanding shares

in follow up, the Dec 7 News release talks of a second tranche of the PP for a smaller amount. I'm not sure if this is in addition to or in lieu of the original PP but nevertheless there are more than 26 million shares outstanding. In fact the Dec 20 NR that announces the Ecuador acquisition shows 45 million shares outstanding in the margin. I believe that to be NOT fully diluted. so you can add a few million warrants on top of that and if there's still more of the PP to close then more will be added.

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