Kiska Closes $2.33 Million Non-Brokered Portion of Private Placement
16 Agosto 2010 - 8:15PM
Marketwired
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
Kiska Metals Corporation ("the Company") (TSX VENTURE: KSK) has
closed the non-brokered portion of the private placement ("the
Offering") announced July 21, 2010 and increased in scope July 30,
2010. A total of $6,435,700 was raised, including this $2,332,900
non-brokered portion.
Each unit, priced at $0.82, consists of one common share and one
half of one non-transferable share purchase warrant. Each whole
warrant entitles the holder to purchase one common share at a price
of $1.15 per share until August 16, 2012.
The net proceeds from the Offering will be used to fund further
exploration of the Whistler project, exploration of the Company's
other mineral properties, and for general corporate purposes.
The common shares and warrants comprising the units and the
common shares issuable upon exercise of the warrants are subject to
a four-month hold period expiring December 17, 2010. A cash
commission of $126,296 was paid in addition to 154,020 agent's
warrants. Each agent's warrant will entitle the holder to purchase
one common share at a price of $0.82 per share until August 16,
2012.
About Kiska Metals Corporation
Kiska Metals Corporation is a mineral exploration company
focused on advancing the Whistler Project, Alaska, which includes a
multi-million ounce gold-copper resource and excellent exploration
potential. Kiska has renowned technical expertise and a quality
exploration portfolio with numerous early stage exploration
opportunities around the world, some held in partnership with a
selection of the world's largest and most successful gold and base
metal producers. Kiska resulted from the merger of Rimfire Minerals
Corporation and Geoinformatics Exploration in August 2009.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.
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 Corporation, 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 Corporation with securities regulators. Those filings can be
found on the Internet at http://www.sedar.com and
http://www.sec.gov/edgar.
Contacts: Kiska Metals Corporation Drew Martel Investor
Relations 604.669.6660 Kiska Metals Corporation Jason Weber
604.669.6660 604.669.0898 (FAX) www.kiskametals.com
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