13 June 2018
Kivalliq Energy Corporation today announced a proposed consolidation of the common shares of the company on the basis of ten pre-consolidation shares for one post consolidation share. In conjunction with the consolidation, the company's name will be changed to ValOre Metals Corp. Currently, a total of 247,246,731 common shares are issued and outstanding. Upon consolidation, a total of approximately 24,724,673 common shares will be issued and outstanding, with no maximum number of authorized common shares. The proposed consolidation and name change has been approved by Kivalliq's board of directors, however, this transaction is subject to TSX Venture Exchange Approval.