Kivalliq Energy raises C$9.47 million via private placement of shares

Non-brokered offering will finance exploration and working capital

By Devika Patel

Knoxville, Tenn., Feb. 21 - Kivalliq Energy Corp. said it completed a C$9.47 million non-brokered private placement of stock. The deal priced for C$7.41 million Jan. 30.

The company sold 6,925,000 flow-through common shares at C$0.52 apiece and 13,047,444 common shares at C$0.45 apiece. The prices per share are an 8.33% premium and 6.25% discount to C$0.48, the Jan. 27 closing share price.

Proceeds will be used to explore and develop Kivalliq's Lac Cinquante uranium deposit and for general working capital purposes.

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

Issuer:	Kivalliq Energy Corp.
Issue:	Flow-through common shares, common shares
Amount:	C$9,472,350
Warrants:	No
Agent:	Non-brokered
Pricing date:	Jan. 30
Settlement date:	Feb. 21
Stock symbol:	TSX Venture: KIV
Stock price:	C$0.48 at close Jan. 30
Market capitalization:	C$61.77 million
Flow-through stock
Amount:	C$3,601,000
Shares:	6,925,000
Price:	C$0.52
Common stock
Amount:	C$5,871,350
Shares:	13,047,444
Price:	C$0.45

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