CCN Kaizen Discovery, Inc.

Concordia Resource Corp. ("Concordia" or the "Company") (TSX VENTURE:CCN) is
pleased to provide an update on its previously announced corporate
reorganization transaction that will transform it into a company focused on
high-technology exploration deploying breakthrough proprietary geophysical
technology and expertise (the "Transaction") (see the Company's press release of
October 1, 2013, including for capitalized terms not defined in this press
release).


Since the October 1, 2013 announcement, the Company confirms that the
Transaction has proceeded in due course. 


On October 25, 2013, the British Columbia Supreme Court granted an interim order
approving the calling of a special meeting of securityholders to approve the
Plan of Arrangement. If approved, the Plan of Arrangement will give effect to
the previously announced 5:1 share consolidation, and the spin-out of the
Company's Providencia and Cerro Amarillo properties and an estimated $5 million,
into its newly incorporated subsidiary Meryllion Resources Corporation
("Meryllion"). The common shares of Meryllion will be distributed to Concordia
shareholders.


An Information Circular for the special meeting of securityholders, which is to
be held on November 29, 2013, is to be mailed on November 4, 2013 to
securityholders to vote on the matters relating to the Transaction. 


On completion, the Transaction would consolidate 100% ownership of the Ebende
Ni-Cu-Co-PGM Project (Democratic Republic of Congo); result in the Company
acquiring an option to earn up to 95% interest in the Fairholme copper-gold
porphyry exploration project (Australia); give Concordia access to HPX TechCo's
geophysical technology cluster; and spin out the Company's current Argentinian
portfolio of projects into a new, South American focused explorer, Meryllion.
HPX TechCo would then be the owner of 85% of the common shares of Concordia. 


Salman Partners Inc. has also provided their preliminary sponsor report to the
TSX Venture Exchange.


About HPX TechCo: HPX TechCo is a company incorporated under the laws of the
British Virgin Islands and indirectly controlled by Robert Friedland, a resident
of Singapore.


On behalf of the Board of Concordia Resource Corp.

Terry Krepiakevich, Interim CEO and Director

Completion of the transaction is subject to a number of conditions, including
final Exchange acceptance and majority Shareholder approval for the Asset
Purchase Agreement and two thirds approval by Concordia Securityholders for the
Arrangement. The transaction cannot close until the required Shareholder and
Securityholder approval is obtained. There can be no assurance that the
transaction will be completed as proposed or at all. Investors are cautioned
that, except as disclosed in the Management Information Circular to be prepared
in connection with the transaction, any information released or received with
respect to the Reverse Take Over and the Arrangement may not be accurate or
complete and should not be relied upon. Trading in the securities of Concordia
Resource Corp. should be considered highly speculative. The TSX Venture Exchange
has in no way passed upon the merits of the proposed transaction and has neither
approved nor disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Concordia Resource Corp.
Terry Krepiakevich
Interim CEO and Director
+1-604-221-7982
info@concordiaresourcecorp.com
www.concordiaresourcecorp.com

Kaizen Discovery, Inc. (TSXV:CCN)
Historical Stock Chart
From May 2024 to Jun 2024

Kaizen Discovery, Inc. (TSXV:CCN)
Historical Stock Chart
From Jun 2023 to Jun 2024