trending Market Intelligence /marketintelligence/en/news-insights/trending/paa327zqdhscazbnnlawba2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

AuRico moves to acquire Kiska Metals

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


AuRico moves to acquire Kiska Metals

AuRico Metals Inc. entered into a definitive agreement to acquire all the issued and outstanding securities of Kiska Metals Corp. by way of a statutory plan of arrangement.

Kiska shareholders will receive about 0.0667 of an AuRico common share and 1.6 Canadian cents in cash for each Kiska share held, valuing the total deal at about C$9.6 million. AuRico is expected to issue about 8.2 million shares.

The company will secure Kiska's portfolio of six existing royalties, including royalties on the East Timmins and Boulevard properties, operated by Kirkland Lake Gold and Independence Gold, respectively.

In addition, Kiska owns six exploration projects in North America, according to the Dec. 22 statement.

The two companies also agreed that AuRico will subscribe for 12.9 million Kiska shares at 5.5 cents apiece on a private placement basis for total gross proceeds of C$709,500.