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     399  0 Kommentare Kiska Mails Special Meeting Materials to Approve Acquisition by Aurico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2017) - Kiska Metals Corporation (TSX VENTURE:KSK) ("Kiska") is pleased to announce that it has filed and mailed its management information circular (the "Circular") and related proxy materials (the "Meeting Materials") to its holders of common shares ("Kiska Shares") ("Shareholders") and options ("Kiska Options") ("Optionholders") (together, "Securityholders") in connection with the special meeting of Securityholders to be held at 10:00 a.m. (Vancouver time) on Wednesday, March 1, 2017 (the "Meeting").

    At the Meeting, Securityholders will be asked to approve Kiska's previously announced transaction with AuRico Metals Inc. (TSX:AMI) ("AuRico") whereby AuRico will acquire all the issued and outstanding securities of Kiska by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") as described in the News Release of Kiska dated December 22, 2016. Assuming the Arrangement becomes effective, each Shareholder (including Kiska Shares issued to Optionholders under the Arrangement, but excluding Kiska Shares held by AuRico or AuRico's affiliates) will receive: (i) 1/15 of an AuRico common share ("AuRico Share"), plus (ii) C$0.016 in cash for each Kiska Share held (the "Consideration"). However, in no event will the aggregate cash consideration under the Arrangement exceed $2,000,000.

    Benefits to Securityholders

    Premium to Shareholders - The Consideration to be received by Shareholders under the Arrangement represents a premium of approximately 95% based on the pre-announcement closing price of the Kiska Shares on the TSX Venture Exchange.

    Complimentary High Quality Assets - Combined companies will have paying royalties focused on tier 1 jurisdictions, the Kemess development project in British Columbia which is well advanced with a feasibility study recently released and an Environmental Assessment certificate expected in the near-term, and a large high quality portfolio of earlier stage royalties and exploration projects with royalty generation potential.

    Exciting Platform - Participation in an exciting new platform, positioned to create Securityholder value through further development of a strong royalty and project pipeline.

    Diversification - The combination of Kiska's projects and royalties with the advanced stage Kemess project and AuRico's five paying royalties provides excellent asset diversification for Securityholders.

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    Kiska Mails Special Meeting Materials to Approve Acquisition by Aurico VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2017) - Kiska Metals Corporation (TSX VENTURE:KSK) ("Kiska") is pleased to announce that it has filed and mailed its management information circular (the "Circular") and related proxy materials …