Miza Enterprises Inc. Announces Closing of $1,440,000 Private Placement

TSXV – MZA.H

VANCOUVER, Jan. 20, 2017 /CNW/ - Miza Enterprises Inc.  (TSXV – MZA.H) (the "Company") is pleased to announce the closing of its non-brokered private placement (the "Private Placement") of 24,000,000 post-split common shares at a price of $0.06 per share (post-split) for gross proceeds of $1,440,000. There were no finder's fees paid in connection with the Private Placement. The common shares issued pursuant to the Private Placement are subject to a four month hold period expiring May 21, 2017. 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.

The Company is looking 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.

Pursuant to the issuance of shares in the Private Placement, the percentage of shares previously acquired by Clive Johnson, Tom Garagan, Harry Pokrandt and Roger Richer, none of whom participated in the private placement, have been diluted.

Mr. Johnson and related entities own 13,350,000 post-split common shares which prior to the Private Placement represented 40.70% of the outstanding common shares of the Company. Mr. Johnson's shares now represent 23.50% of the current issued and outstanding common shares of the Company after completion of the Private Placement. Mr. Johnson and related entities would own 24.50% on a partially diluted basis, assuming the exercise of 750,000 post-split incentive stock options.

Mr. Garagan owns 3,750,000 post-split common shares which, prior to the Private Placement represented 11.43% of the outstanding common shares of the Company.  Mr. Garagan's shares now represent 6.60% of the current issued and outstanding common shares of the Company after completion of the Private Placement. Mr. Garagan would own 7.82% on a partially diluted basis, assuming the exercise of 750,000 post-split incentive stock options. Tom Garagan is no longer deemed a 10% holder of the Company and is not required to complete any further regulatory filings.

Mr. Pokrandt indirectly owns 3,000,000 post-split common shares which, prior to the Private Placement represented 9.15% of the outstanding common shares of the Company. Mr. Pokrandt's shares now represent 5.28% of the current issued and outstanding common shares of the Company after completion of the Private Placement. Mr. Pokrandt would directly and indirectly own 6.52% on a partially diluted basis, assuming the exercise of 750,000 post-split incentive stock options. Harry Pokrandt is no longer deemed a 10% holder of the Company and is not required to complete any further regulatory filings.

Mr. Richer owns 3,000,000 post-split common shares which, prior to the Private Placement, represented 9.15% of the outstanding common shares of the Company. Mr. Richer's shares now represent 5.28% of the current issued and outstanding common shares of the Company after completion of the Private Placement. Mr. Richer would own 6.52% on a partially diluted basis, assuming the exercise of 750,000 post-split incentive stock options. Roger Richer is no longer deemed a 10% holder of the Company and is not required to complete any further regulatory filings.

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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