By Devika Patel
Knoxville, Tenn., March 3 - Kiska Metals Corp. said it has completed a $4.44 million tranche of a C$5.94 million non-brokered private placement of units. The deal priced on Feb. 22
The company is selling 9 million units of one common share and one half-share warrant at C$0.66 each. It sold 6.72 million units in this tranche. The whole warrants are exercisable at C$0.92 each for one year.
Proceeds will be used for exploration of the Whistler Project and for 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$5.94 million
|
| Units: | 9 million
|
| Price: | C$0.66
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.92
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 22
|
| Settlement date: | March 3 (for $4,435,200)
|
| Stock symbol: | TSX Venture: KSK
|
| Stock price: | C$0.68 at close Feb. 22
|
| Market capitalization: | C$43 million
|
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