Final Tranche Of Kivalliq’s $1.138 Million Financing Closed

Kivalliq Energy Corporation (TSXV:KIV) closed the final tranche of the previously announced private placement for CDN $632,000 by issuing 2,872,728 units for $0.22 per unit.

As quoted in the press release:

Kivalliq raised the funds by issuing a total of 5,172,728 units (“Units”), at the price of CAD$0.22 per Unit, for aggregate proceeds of CDN $1.138 million (the “Offering”). Each Unit consists of one common share issued on a “flow-through basis” (“FT Share”), pursuant to the Income Tax Act (Canada), and one-half of one non-transferable non-flow-through common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a non-flow-through common share of Kivalliq (a “Warrant Share”) for a period of 24 months from the Closing Date at an exercise price of $0.28.

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