Mining Business: Kiska Sells Mexico Unit
October 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Kiska Metals Corp. (TSX: KSK) said it has agreed to sell its Mexican subsidiary, Minera Geoinformatica, to Evrim Metals Corp.
Minera Geoinformatica holds all nine of Kiska's Mexican properties and a geological database for Mexico and parts of the southern United States.
Evrim will assume Kiska's Mexican offices and staff. In consideration, Evrim will issue two million shares to Kiska plus ongoing performance-based share payments. Evrim has agreed to an appointment of a Kiska representative to its board.
Canada-based Kiska Metals is a mineral exploration company focused on advancing the Whistler Project, Alaska, which includes a gold-copper resource and excellent exploration potential.
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