Kivalliq Energy Amends Financing Terms and Proposes $11.7 Million Financing

Kivalliq Energy Corporation (TSXV:KIV) reports that it has revised the terms of the financing previously announced on March 7, 2011.

The press release is quoted as saying:

In addition, the Company now plans to undertake a non-brokered private placement financing for up to 10,000,000 common shares at a price of CAD$0.50 per share (the “Non-Brokered Private Placement”) for gross proceeds of CAD$5,000,000.  Insiders of the Company may participate in the Non-Brokered Private Placement and a portion of the Non-Brokered Private Placement may be subject to finders’ fees.

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