Miza Enterprises Inc. Announces Change of Board of Directors and Private Placement

TSXV – MZA.H

VANCOUVER, Dec. 9, 2016 /CNW/ - Miza Enterprises Inc.  (TSXV – MZA.H) (the "Company") is pleased to announce that Clive T. Johnson, Tom Garagan, Roger Richer and Harry Pokrandt have been appointed to the Company's board of directors. Harry Pokrandt has been appointed as the CEO and President of the Company and Kristen Reinertson has been appointed as the CFO and Corporate Secretary. Azim Dhalla, Paul Pang, Peter Christopher, and David Antony have resigned from the board and the new board of directors would like to thank them for their services and wish them success in their future endeavours.

In conjunction with the changes to the board, the Company will complete a private placement financing of 8 million common shares at a price of $0.18 per share for aggregate proceeds of $1,440,000, subject to the approval of the TSX Venture Exchange. Proceeds from the financing will be used for working capital, G & A for the next 12 months, for review and completion of due diligence on potential acquisitions and, if sufficient, for payment of deposits on potential acquisitions.

In connection with the foregoing appointments, an aggregate of 1,090,000 incentive stock options have been granted to directors and officers of the Company at a price of $0.18 per share, exercisable for a period of 10 years.

The Board has also approved a split of the outstanding common shares of the Company on the basis of three new common shares for each existing common share, subject to the approval of the TSX Venture Exchange.

The Company intends to acquire exploration, development and production stage base metal projects, along with additional management with base metal expertise, with the goal of becoming a significant base metals company.

The Company also announces that Clive T. Johnson and related entities acquired 4,550,000 common shares pursuant to a private transaction; 2,550,000 acquired by Mr. Johnson personally, 1,000,000 by 392611 BC Ltd. (a company owned by Mr. Johnson), and 1,000,000 by the Johnson Dixon Family Trust (a trust controlled by Mr. Johnson). Together these acquisitions represent 41.62% of the issued and outstanding common shares of the Company and as a result Clive T. Johnson directly and indirectly, owns and/or controls, in aggregate 4,550,000 common shares of the Company, representing 41.62% of the current issued and outstanding common shares of the Company and would own 42.92% on a partially diluted basis, assuming the exercise of 250,000 incentive stock options.

The Company further announces that Tom Garagan acquired 1,250,000 common shares pursuant to a private transaction. The acquisition represents 11.43% of the issued and outstanding common shares of the Company and as a result Mr. Garagan owns in aggregate 1,250,000 common shares of the Company, representing 11.43% of the current issued and outstanding common shares of the Company and would own 13.41% on a partially diluted basis, assuming the exercise of 250,000 incentive stock options.

The Company further announces that Harry Pokrandt acquired 1,000,000 common shares pursuant to a private transaction. The acquisition represents 9.15% of the issued and outstanding common shares of the Company and as a result Mr. Pokrandt owns in aggregate 1,000,000 common shares of the Company, representing 9.15% of the current issued and outstanding common shares of the Company and would own 11.18% on a partially diluted basis, assuming the exercise of 250,000 incentive stock options.

The Company further announces that Roger Richer acquired 1,000,000 common shares pursuant to a private transaction. The acquisition represents 9.15% of the issued and outstanding common shares of the Company and as a result Mr. Richer owns in aggregate 1,000,000 common shares of the Company, representing 9.15% of the current issued and outstanding common shares of the Company and would own 11.18% on a partially diluted basis, assuming the exercise of 250,000 incentive stock options.

The Company has been advised that each of Mssrs. Johnson, Garagan, Pokrandt and Richer acquired these securities for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

ON BEHALF OF MIZA ENTERPRISES INC.

"Harry Pokrandt"

Harry Pokrandt
CEO, President and Director

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.

SOURCE Miza Enterprises Inc.

For further information: Kristen Reinertson, CFO & Corporate Secretary, (604) 609-6118


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