2 July 2014
July 2, 2014
Not For Distribution To United States Newswire Services Or For Dissemination In The United States
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a non-brokered private placement financing to raise gross proceeds of CDN$1.1 Million.
Kivalliq intends to raise the funds by issuing up to 5,000,000 units (“Units”), at the price of CAD$0.22 per Unit (the “Offering”). Each Unit consists of one common share issued on a “flow-through basis” (a “FT Share”) pursuant to the Income Tax Act (Canada) and one-half of one non-transferable non-flow-through common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a non-flow-through common share of Kivalliq (a “Warrant Share”) for a period of 24 months from the Closing Date at an exercise price of $0.28.