Kiska Metals Corp. Announces Royalty Transaction
12.03.2015 | Marketwire
VANCOUVER, BC -- (Marketwired - March 12, 2015) - Kiska Metals Corp. ("Kiska" or the "Company") is pleased to announce that it has entered into a royalty purchase agreement with a private equity fund (the "Fund") on March 11, 2015. The transaction, which is expected to close within 30 days, will result in net proceeds to Kiska of USD$450,000.The Fund will acquire the Company's non-core royalties that it holds on the WKP and Waihi West properties in New Zealand. The New Zealand royalties were acquired by Kiska's predecessor company, Geoinformatics, as compensation for data compilation and exploration targeting that it conducted in the Coromandel region.
"Management continually assesses the Company's portfolio in an effort to create value," stated Kiska's President Grant Ewing. "With this latest royalty transaction, Kiska has successfully monetized non-core assets and provided the Company with a non-dilutive financing."
About Kiska Metals Corporation
Kiska Metals Corp. is a prospect generator company with a diverse portfolio of gold and copper projects throughout North America and Australia. One of the more advanced assets is the Whistler property, Alaska, a district-scale gold-copper porphyry project that has excellent exploration potential. Kiska has numerous gold and copper projects available for option-joint venture as well as an extensive royalty portfolio.
On behalf of Kiska Metals Corporation
"Grant Ewing"
Grant Ewing, President & CEO
TEL: 604.669.6660
Neither 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.
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corp., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corp. with securities regulators. Those filings can be found on the Internet at www.sedar.com.
Contact
Kiska Metals Corp.
Candice Ridyard
604-669-6660
info@kiskametals.com