Company sells 15 million units of one share and one warrant at C$0.10
By Devika Patel
Knoxville, Tenn., Feb. 6 - Kiska Metals Corp. said it will conduct a C$1.5 million non-brokered private placement of units.
The company will sell 15 million units of one common share and one warrant at C$0.10 per unit.
Each warrant is exercisable at C$0.15 for three years. The strike price reflects a 66.67% premium to the Feb. 5 closing share price of C$0.09.
Proceeds will be used to pursue identified business opportunities, as well as for general corporate purposes.
Based in Vancouver, B.C., Kiska Metals is a gold and copper exploration company.
| Issuer: | Kiska Metals Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 15 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 6
|
| Stock symbol: | TSX Venture: KSK
|
| Stock price: | C$0.09 at close Feb. 5
|
| Market capitalization: | C$8.93 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
