Kiska Metals Adds $1.5 Million to Treasury Through Sale of Thorn Property

By Staff,

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Kiska Metals Corporation (KSK.V) has completed the sale of its Thorn Property to Brixton Metals Corporation, for a purchase price of C$1.5 million in cash and seven million shares of Brixton. Kiska now holds 7.55 million shares, or 7.7% or Brixton's outstanding shares.

The sale of the Thorn Property is part of the company's ongoing strategy of generating capital and putting this funding to its portfolio of mineral projects.

KSK was up more than 4% to 12 cents, trading near year low 10 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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