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

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.

Click here to access the entire news release.