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| Home : Kiska Announces $300,000 Prospect Generator Agreement |
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May 26
2014 |
Kiska Announces $300,000 Prospect Generator Agreement |
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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. |
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| Source:http://www.marketwired.com/mw/release.do?id=1913873&sourceType=3 |
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