Kaizen Discovery Announces Positive Ruling by the Supreme Court of British Columbia
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2021) - Kaizen Discovery Inc. (TSXV: KZD) ("Kaizen" or "the Company") announces that the legal action against the Company initiated by AM Gold in 2017 through the Supreme Court of British Columbia has been dismissed by the Court, which "concluded that AMG's claims are all without merit." The judgment will be available on the Supreme Court's website.
Kaizen's interim Chief Executive Officer Eric Finlayson commented: "While Kaizen has maintained throughout that AM Gold's claims were unfounded, defending this action has been a significant drain on Kaizen's financial resources and management time since July of 2017. I am pleased to see such a comprehensive dismissal of the action by the Supreme Court of British Columbia and the Company will now ask the trial judge to order that AM Gold pay Kaizen's costs on a full indemnity, 'special costs' basis."
About Kaizen
Kaizen is a Canadian mineral exploration and development company with exploration projects in Peru and Canada. More information on Kaizen is available at www.kaizendiscovery.com.
ON BEHALF OF THE COMPANY
Eric Finlayson, Interim President and Chief Executive Officer
Information contact
Investor Relations +1-604-689-8765
Neither the 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.
Forward-looking statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to recovering costs from AM Gold. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
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