16 January 2017
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a CDN$3 million financing package, comprised of a non-brokered private placement financing to raise gross proceeds of CDN$2.074 Million, and a CDN$1.0 Million payment from Sandstorm Gold Ltd. (“Sandstorm”), subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% net smelter returns (“NSR”) royalty payable on all mineral products produced from the Angilak Property uranium project in Nunavut Territory, Canada. Net proceeds will be used to fund exploration and property costs at Kivalliq’s projects in Canada, as well as for general corporate purposes.