Kivalliq Energy raises $6.01 million in private placement

Kivalliq Energy Corporation(TSXV:KIV) reports raising an additional CAD1.2 million ($1.16) of units from Lumina Capital Limited Partnership.

The financing consist of 24.8 million units (“Units”), at a price of $0.25 per Unit. Each Unit consists of one common share and one-half of one whole warrant. Each whole warrant will allow the holder to acquire an additional common share of Kivalliq at a price of $0.35 per share for a period of two years following the date of issuance of the Unit, being either July 29, 2012, or September 10, 2012. 

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