Kivalliq Energy Closes Financing

Kivalliq Energy Corporation (TSXV:KIV) announced the closing of the previously announced, non-brokered private placement financing to raise gross proceeds of CDN$400,000, to fund mineral exploration at Kivalliq’s wholly-owned properties in Canada.
Kivalliq will use the net proceeds of the Offering for eligible exploration expenditures, which will constitute “Canadian Exploration Expenses” that are “Flow-Through mining expenditures,” as defined in the Income Tax Act which can be renounced to purchasers of the FT Shares for the 2016 taxation year in the aggregate amount of not less than the total amount of the gross proceeds raised from the Offering.
Kivalliq Energy Corporation (TSXV:KIV) to receive an Investor Presentation.