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Early Warning Report Filed Pursuant to Canada s National Instrument 62-103 Acquisition of Shares and Warrants of Kaizen Discovery Inc
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I-Pulse Inc : Early Warning Report Filed Pursuant to Canada s National Instrument 62-103 Acquisition of Shares and Warrants of Kaizen Discovery Inc
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Early Warning Report Filed Pursuant to Canada s National Instrument 62-103
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Vancouver, British Columbia (Newsfile Corp. - December 28, 2020) - This news release is issued by I-Pulse Inc. (
I-Pulse ) pursuant to the early warning requirements of Canada s National Instrument 62-103 with respect to common shares of Kaizen Discovery Inc. (
Kaizen ).
I-Pulse, through its affiliate, HPX TechCo Inc. (
HPX ), announces that on December 15, 2020, it acquired 26,000,000 units of Kaizen, with each such unit consisting of one Kaizen common share and one warrant to acquire a Kaizen common share for C$0.075 for a period of 24-months.
The 26,000,000 common shares acquired represent ownership and control of 7.6% of the currently issued and outstanding common shares of Kaizen. The acquisition of the 26,000,000 units of Kaizen by HPX results in HPX owning or exercising control over 251,420,798 common shares of Kaizen, representing 73.2% of the issued and outstanding common shares of Kaizen, not including any common shares issuable upon exercise of the 48,100,00