New Issue: Kivalliq Energy places units, flow-through units to raise C$1.57 million

By Angela McDaniels

Tacoma, Wash., May 26 - Kivalliq Energy Corp. has raised C$1.57 million through a non-brokered private placement of flow-through units and the issuance of non-flow-through units, according to a company news release.

Kivalliq sold 5.18 million flow-through units for C$0.20 apiece in two tranches for a total of C$1.04 million. The warrants associated with the flow-through financing expire May 14, 2011 and May 27, 2011.

The company also sold 2,745,000 non-flow-through units at a price of C$0.20 each for a total of C$529,000. The warrants associated with the non-flow-through financing expire May 27, 2011.

Kivalliq is a uranium exploration and development company based in Vancouver, B.C.

Issuer:	Kivalliq Energy Corp.
Issue:	Flow-through units, non-flow-through units
Amount:	C$1,565,000
Agent:	Non-brokered
Announcement date:	May 26
Stock symbol:	TSX Venture: KIV
Stock price:	C$0.20 at close May 25
Flow-through units
Issue:	Flow-through units
Amount:	C$1,036,000
Units:	5.18 million
Price:	C$0.20
Warrants:	Yes
Warrant expiration:	May 14, 2011; May 27, 2011
Non-flow-through units
Issue:	Non-flow-through units
Amount:	C$549,000
Units:	2,745,000
Price:	C$0.20
Warrants:	Yes
Warrant expiration:	May 27, 2011

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