AuRico agrees to pay a premium for Kiska

AuRico Metals Inc. Dec. 23 announced that it has entered into a definitive agreement to acquire all of the issued and outstanding securities of Kiska Metals Corp. Under the terms of the agreement, Kiska shareholders will receive 0.0667 AuRico common shares and C1.6 cents in cash for each Kiska share held.

Based on AuRico's Dec. 22 closing share price, this values the Kiska shares at roughly C7.8 c...