GREY:KSKTF - Post by User
Post by
greenhorn16on Nov 10, 2010 10:36am
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Post# 17686229
NEWS
NEWS:-)better than PP......
Kiska Metals sells 28.5 million Clancy shares
2010-11-10 10:03 ET - News Release
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Mr. Jason Weber reports
KISKA ADDS $2.3 MILLION TO TREASURY THROUGH CLANCY SALE
Kiska Metals Corp. has generated $2,305,579 from the sale of 28,506,883 shares of Clancy Exploration Ltd., an Australian Stock Exchange-listed junior explorer in which Kiska owned a 26-per-cent interest.
The sale of the Clancy share position is part of an ongoing strategic review of non-core assets to maximize shareholder value and to allocate the Company's capital and resources to its flagship Whistler project. The Clancy position was considered a non-core asset, and as such, was liquidated. Proceeds of the transaction will be used to fund exploration of the Company's wholly-owned Whistler gold-copper porphyry project in Alaska and for general working capital