-
Kaizen Discovery Inc. announces today the completion of the acquisition by
Ivanhoe Electric Inc. of all of the issued and outstanding common shares of the Company not already beneficially owned by IE pursuant to a plan of arrangement under the Business Corporations Act . Immediately prior to the closing of the Arrangement, IE beneficially owned 54,428,971 Common Shares, representing 82.54% of the issued and outstanding Common Shares on a non-diluted basis. Following the closing of the Arrangement, IE beneficially owns 69,229,659 Common Shares, representing 100% of the issued and outstanding Common Shares on a fully diluted basis. The Company is now a wholly-owned subsidiary of IE. IE acquired the Common Shares in consideration for the issuance of one share of...