HPX majority-owned subsidiary Kaizen Discovery Inc. (TSXV:KZD) announced the closing of its recent rights offering, which expired on January 11, 2017, and confirmed the offering generated approximately C$7.3 million in aggregate gross proceeds. The net proceeds will be primarily used by Kaizen to advance exploration at the Pinaya Copper-Gold Project in Peru and to identify, assess and pursue new resource exploration and development opportunities.

For more information see Kaizen’s press release.