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Kivalliq Energy Corporation (TSXV:KIV) closed the $11.5 million bought deal private placement previously announced on May 7.
Kivalliq Energy Corporation (TSXV:KIV) closed the $11.5 million bought deal private placement previously announced on May 7.
As quoted in the press release:
Dundee Securities Ltd. (the “Lead Underwriter”), on behalf of a syndicate of Underwriters including Versant Partners Inc., Canaccord Genuity Corp. and National Bank Financial Inc. (the “Underwriters”), sold 16,772,900 flow-through common shares (the “Flow-Through Shares”) at a price per Flow-Through Share of $0.50 and 7,124,000 common shares (the “Common Shares”) at a price per Common Share of $0.45 (together, the “Offered Securities”) for total gross proceeds of $11,592,250 (the “Offering”). As part of the Offering, the Underwriters exercised their option (the “Option”) to purchase a portion of an additional $2,000,000 of the Offering in any combination of Flow-Through Shares and/or Common Shares.
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