By Devika Patel
Knoxville, Tenn., July 30 - Kiska Metals Corp. said it has increased a private placement of units to about C$6 million from C$4 million. The deal, which is being conducted by Raymond James Ltd., priced July 21.
The company is selling units of one common share and one half-share warrant at C$0.82 per unit. The whole warrants are exercisable at C$1.15 each for two years.
Settlement is expected Aug. 10.
Proceeds will be used for exploration and general corporate purposes.
Based in Toronto, Kiska Metals is a mineral exploration company.
| Issuer: | Kiska Metals Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$6 million (approximate)
|
| Price: | C$0.82
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.15
|
| Agent: | Raymond James Ltd.
|
| Pricing date: | July 21
|
| Upsized: | July 30
|
| Settlement date: | Aug. 10
|
| Stock symbol: | TSX Venture: KSK
|
| Stock price: | C$0.85 at close July 20
|
| Market capitalization: | C$52.11 million
|
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