Kiska Announces Changes to Board; New Strategic Investors
29.07.2015 | Accesswire
VANCOUVER, BC / ACCESSWIRE / July 29, 2015 / Kiska Metals Corporation ("Kiska" or the "Company") (TSX-Venture: KSK) announces that Mr. George Ireland and Mr. John Kanellitsas, both representatives of Geologic Resource Partners ("GRP"), have resigned from the board of directors effective today. Kiska wishes to acknowledge and thank both George and John for their long standing support and contribution to the Company.The resignations follow the sale of GRP's entire shareholding of 28.6 million common shares of Kiska, representing approximately 25% of the Company's issued and outstanding shares. Members of Kiska's senior management team and board of directors purchased 9.2 million of the shares sold by GRP and the Company assisted GRP to place the remaining shares with strategic investors.
"This redistribution of a large block of Kiska shares was necessary due to a change in the business strategy of GRP. The transaction places the shares with investors who are committed to the Company's success, and provides Kiska with a strong shareholder foundation going forward," stated Kiska's President Grant Ewing.
About Kiska Metals Corporation
Kiska Metals Corporation is a prospect generator company with a high quality portfolio of gold and copper projects throughout North America. Two of Kiska's projects are currently held under option agreements with major mining companies that are sole-funding exploration. Kiska has several other gold and copper projects available for option-joint venture as well as an extensive royalty portfolio.
On behalf of Kiska Metals Corporation
"Grant Ewing"
Grant Ewing, President & CEO
575-510 BURRARD ST. VANCOUVER, BC, CANADA V6C 3A8
TEL: 604.669.6660 FAX: 604.669.0898
WWW.KISKAMETALS.COM
Neither TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.