Kiska Announces $300,000 Prospect Generator Agreement
26 Mai 2014 - 5:00PM
Marketwired
Kiska Announces $300,000 Prospect Generator Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2014) -
Kiska Metals Corporation ("Kiska" or the "Company")
(TSX-VENTURE:KSK) is pleased to announce it has signed an agreement
with a private equity fund (the "Fund") whereby the Fund has agreed
to finance a US$300,000 targeting exercise on the Company's
proprietary New Jersey Zinc database. Under the terms of the
agreement, the Fund will acquire a 0.5% NSR royalty on projects
generated from the targeting exercise, and will have the option to
increase its royalty to 2% by paying Kiska an additional $500,000
for every 0.5% NSR rate increase for each property taken through
the preliminary economic assessment stage. The Fund will also be
entitled to 50% of the proceeds of any sales of data on projects
generated from the targeting exercise.
The New Jersey Zinc database is an extensive database of
approximately 800 banker's boxes and 200 map tubes that spans
nearly 150 years' worth of base & precious metals exploration
activity from around the world. Much of the data is from North
America and pre-dates assessment reporting requirements and
therefore isn't in the public domain. The database was acquired by
Kiska's predecessor company, Geoinformatics.
"We are very pleased to enter into this agreement," stated Grant
Ewing, President and CEO. "This agreement provides an attractive
way of financing the Company's prospect generation activities and
has the potential to provide additional cash to Kiska in the
future. It is one example of how Kiska will continue to generate
value and position itself for a market upturn in the future."
About Kiska Metals Corporation
Kiska Metals Corporation 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 contains a large NI 43-101 gold/copper resource and
has excellent exploration potential. Kiska has numerous gold and
copper projects available for option-joint venture as well as an
extensive royalty portfolio available for purchase.
On behalf of Kiska Metals Corporation
Grant Ewing, President & CEO
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.
Kiska Metals CorporationCandice RidyardInvestor
Relations604-669-6660604-669-0898Kiska Metals CorporationGrant
EwingPresident &
CEO604-669-6660604-669-0898www.kiskametals.com
Kiska Metals Corporation (TSXV:KSK)
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