Kiska Metals Corporation Closes Whistler Project Sale
06.08.2015 | Accesswire
VANCOUVER, BC / ACCESSWIRE / August 6, 2015 / Kiska Metals Corporation ("Kiska" or the "Company") is pleased to announce that, further to the news release issued on July 21, 2015, it has closed the sale of the Whistler Project to Brazil Resources Inc. ("BRI") (TSX.V: BRI).BRI has acquired the Whistler Project, including the mining claims and other assets belonging to the project, in exchange for the issuance of 3,500,000 common shares in the capital of BRI. In addition, the parties have entered into a Management Services Agreement whereby Kiska will provide certain management services in respect of the Whistler Project in consideration for a fee of $10,000 per month for 15 months.
"Kiska can now focus on advancing its high quality portfolio of projects with the sale of the Whistler Project now complete. Importantly, Kiska retains excellent carried participation in the future upside of the Whistler Project and other projects through its shareholding in BRI," 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
Contact:
575-510 Burrard St. Vancouver, BC, Canada V6C 3A8
Tel: 604.669.6660 Fax: 604.669.0898
http://www.kiskametals.com
TSX-V: KSK
Contact: Brian Miller or Grant Ewing
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.