Providing coverage of Alaska and Northwest Canada's mineral industryMay 2015
| Vol. 20, No. 18 | Week of May 03, 2015 |
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Mining News: News Nuggets: Whistler project deal falls through
Shane Lasley Mining News
Alternative Earth Resources Inc. April 28 reported that it has decided to terminate its previously announced deal to acquire Kiska Metals Corp.’s Whistler copper-gold project in Southcentral Alaska. Under a non-binding agreement reported by Mining News on April 19, Alternative Earth was to acquire full ownership of Whistler in exchange for issuing Kiska 24.5 million of its shares, which would represent half of the company’s shares upon completion of the exchange. Alternative Earth, which has been seeking the right project to jump into mineral exploration sector, said that it continues to assess various projects from mineral exploration to development stage. Kiska said the holding costs for Whistler has been reduced to a manageable level, allowing the company to maintain the asset as it continues to seek joint venture or other arrangements on this prospective advanced stage exploration project.
–Shane Lasley
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