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Kiska Signs Definitive Agreement to Sell Thorn Property to Brixton for $1.5 Million in Cash and 7 Million Shares
Published : February 01, 2013
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Keywords :   Copper | Gold | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2013) - Kiska Metals Corporation (News - Market indicators) ("Kiska" or "the Company") reports that, further to the news release dated January 8, 2013, the Company has entered into a binding Definitive Agreement dated January 31, 2013 to sell the Thorn Property to Brixton Metals Corporation for $1.5 million in cash (including $50,000 received upon execution of the Letter of Intent) and seven million shares of Brixton.

The completion of the transaction is subject to a number of conditions, including completion by Brixton of an equity financing to raise sufficient cash to finance the cash component of the consideration for the transaction, and receipt of all required TSX Venture Exchange approvals. The transaction is scheduled to close by February 28, 2013 or such other date as mutually agreed to by the parties. There can be no assurance that the transaction will be completed as proposed or at all.

The 189 square kilometre Thorn Property is located 120 kilometres northwest of Telegraph Creek, BC. Brixton signed an option agreement to earn a 51% interest in the Thorn by funding $5 million in exploration by the end of 2014 ($4.1 million spent to date). At Kiska's election, Brixton could fund an additional $10 million in exploration to earn an additional 14% interest (totaling 65%) in the property. Exploration is targeting high sulphidation epithermal vein-hosted high-grade copper-gold-silver mineralization and breccia-hosted high-grade silver and gold mineralization.

About Kiska Metals Corporation

Kiska Metals Corporation is a mineral exploration company focused on advancing the Whistler property, Alaska, a district-scale project with excellent exploration potential which includes the Whistler Deposit (a 2.25 M oz gold-equivalent indicated resource of 79.2 million tonnes averaging 0.51 g/t gold, 1.97 g/t silver and 0.17% copper and a 3.35 M oz. gold equivalent inferred resource of 145.8 million tonnes averaging 0.40 g/t gold, 1.75 g/t silver and 0.15% copper). Kiska has renowned technical expertise and a quality exploration portfolio with numerous early stage exploration opportunities around the world, some held in partnership with a selection of the world's largest and most successful gold and base metal producers.

On behalf of Kiska Metals Corporation

Jason Weber, P.Geo., President & CEO

CAUTIONARY STATEMENT: 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

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Kiska Metals Corporation
Candice Ridyard (Investor Relations) or Jason Weber
604.669.6660
604.669.0898 (FAX)
www.kiskametals.com
Companies Mentionned : Brixton Metals | Metals X |
Data and Statistics for these countries :
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Kiska Metals Corp.

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CODE : KSK.V
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Kiska Corp. is an exploration gold and copper company based in Canada.

Kiska Corp. holds various exploration projects in Australia, in Canada and in Mexico.

Its main exploration properties are TIDE, ESKAY CREEK CAMP BC, MACKENZIE CRATON, BOULEVARD, GRIZZLY, WHISTLER ALASKA, THORN and RDN in Canada and BULLFINCH NORTH PROJECT in Australia.

Kiska Corp. is listed in Canada. Its market capitalisation is CA$ 4.7 millions as of today (US$ 3.7 millions, € 3.2 millions).

Its stock quote reached its highest recent level on November 12, 2010 at CA$ 1.74, and its lowest recent point on January 29, 2016 at CA$ 0.01.

Kiska Corp. has 116 300 000 shares outstanding.

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In the News and Medias of Kiska Metals Corp.
2/16/2010Excellent Discovery Potential
Financings of Kiska Metals Corp.
11/10/2010Adds $2.3 million to Treasury through Clancy Sale
9/17/2009Kiska Metals Closes Private Placement
Option Grants of Kiska Metals Corp.
2/21/2011Incentive 1.735.000 Stock Options Granted
Financials of Kiska Metals Corp.
11/25/2010Revises Financial Statements
Project news of Kiska Metals Corp.
10/1/2013Kiska Enters Option Agreement on Kliyul Project, BC
2/27/2013Kiska Adds $1.5 million to Treasury through sale of Thorn Pr...
2/27/2013(Thorn)Adds $1.5 Million to Treasury Through Sale of Thorn Property
2/1/2013Kiska signs Definitive Agreement to sell Thorn Property to B...
2/1/2013(Thorn)Signs Definitive Agreement to Sell Thorn Property to Brixton...
1/8/2013Kiska to sell Thorn Property to Brixton for $1.5 million in ...
1/8/2013(Thorn)to Sell Thorn Property to Brixton for $1.5 Million in Cash a...
10/3/2012(Thorn)Brixton Commences Second Phase of Thorn Drilling
9/6/2012Kiska focuses on Whistler Deposit
9/4/2012Kiska receives Thorn Results from Brixton Results include 83...
12/15/2011Kiska Reports Results From the First 3 holes Drilled on the ...
12/1/2011Kiska Continues to Expand Gold Zones at Island Mountain Pros...
9/14/2011Kiska Expands Island Mountain Prospect, Whistler Project, Al...
12/1/2010(Whistler Alaska)Provides Whistler Project, Alaska Update; Drills 83.0 metres...
11/2/2010(Whistler Alaska)Kiska Drills 114.9 metres of 1.251 g/t gold and 0.23% copper...
9/28/2010(Whistler Alaska)Drilling Continues to Expand Kiska's Whistler Deposit
6/15/2010(Whistler Alaska)Drilling Resumes at Island Mountain Gold Discovery
5/19/2010(Whistler Alaska)Discovers New Porphyry Systems
2/9/2010(Whistler Alaska)Drilling to Begin in March on Kiska's Whistler Project, Alas...
11/2/2009(Whistler Alaska) drills 106.9 metres of 1.22 g/t gold at Island Mountain are...
9/14/2009(Whistler Alaska)Drilling Commences at Whistler, Alaska
Corporate news of Kiska Metals Corp.
1/18/2016Kiska Completes Purchase of 100% Interest in Prospective Cop...
12/3/2015CORRECTION: Compelling Drill Targets Identified at Kiska's C...
10/30/2015Kiska Reports Results of Annual General Meeting of Sharehold...
10/6/2015Kiska Exploration Update
9/28/2015Kiska Announces Director Resignation
9/18/2015Kiska Announces Executive Appointment
8/6/2015Kiska Closes Whistler Project Sale
7/29/2015Kiska Announces Changes to Board; New Strategic Investors
7/22/2015Kiska Exploration Update
7/21/2015Kiska Signs Agreement Regarding Sale of Whistler Project
4/28/2015Kiska Announces Termination of Letter of Intent Regarding Sa...
4/10/2015IIROC Trading Resumption - AER; KSK
4/9/2015Kiska Signs Letter of Intent Regarding Sale of Whistler Proj...
4/9/2015Alternative Earth Resources to acquire Kiska's Whistler Proj...
4/9/2015IIROC Trading Halt - KSK
3/31/2015Kiska Closes Royalty Transaction
3/31/2015Closes Royalty Transaction
3/12/2015Kiska Announces Royalty Transaction
3/12/2015Announces Royalty Transaction
2/26/2015Partner Plans 2015 Drill Program at Kiska's Kliyul Project
1/16/2015Kiska Enters Option Agreement to Acquire a 100% Interest in ...
1/16/2015Enters Option Agreement to Acquire a 100% Interest in Prospe...
12/19/2014Kiska Closes Royalty Transactions
12/17/2014Kiska Announces Royalty Transactions For Whistler Project
12/2/2014Kiska Reports Copper Joe Drill Results
11/19/2014Kiska Enters into Option Agreement to Acquire a 100% Interes...
9/8/2014Kiska Obtains Right to Enter Into Option Agreement to Acquir...
8/27/2014Kiska Signs Letter Agreement on Copper Joe Project and Mobil...
7/22/2014Kiska Enters Agreement to Acquire 100% Interest in Midlothia...
5/26/2014Kiska Announces $300,000 Prospect Generator Agreement
4/29/2014Kiska Announces Appointment of New President and CEO
10/31/2013Announces Management Change
8/7/2013Additional High Grade Gold Assays Reported from Midlothian C...
7/23/2013Midlothian Property Grab Samples Assay 12,700 g/t and 296 g/...
7/23/2013Midlothian Property Grab Samples Assay 12,700 g/t and 296 g/...
7/23/2013Midlothian Property Grab Samples Assay 12,700 g/t and 296 g/...
12/18/2012Whistler Deposit Metallurgy Shows Excellent Copper and Gold ...
11/26/2012(Thorn)Drilling Extends Mineralization to Depth at Thorn Property, ...
12/22/2011Kiska adds Henderson as Manager of Investor Relations, Optio...
11/29/2011Kiska Releases 2011 Drilling Results from the Whistler Orbit...
11/8/2011Kiska Intersects 100 metres of 1.37 g/t gold and 54.2 g/t si...
10/6/2011Kiska Intersects 161 metres of 1.28 g/t gold-equivalent at I...
10/6/2011Kiska Intersects 161 metres of 1.28 g/t gold-equivalent at I...
10/7/2010Sells Mexican Projects
9/7/2010Consolidates Ownership of Kliyul Project, BC
8/23/2010Delivers Whistler Trigger Program Report to Kennecott
6/28/2010Two New Directors Elected to Kiska Board
3/17/2010Consolidates Ownership of Mexican Assets
11/30/2009Kiska Reports Additional Results from Island Mountain Gold D...
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