Kivalliq wraps C$11.59 million private placement of two types of stock

C$2 million greenshoe partially exercised, deal funds exploration

By Devika Patel

Knoxville, Tenn., May 29 - Kivalliq Energy Corp. said it settled an C$11.59 million private placement of stock. The deal priced for C$10 million with a C$2 million greenshoe on May 7.

The company sold 7,124,000 common shares at C$0.45 apiece, a 2.17% discount to the May 4 closing share price of C$0.46. It also sold 16,772,900 flow-through common shares at C$0.50 apiece, an 8.7% premium to the May 4 closing share price.

The deal was conducted on a bought-deal basis by a syndicate of underwriters led by Dundee Securities Ltd. and including Versant Partners Inc., Canaccord Genuity Corp. and National Bank Financial Inc.

Proceeds will be used for exploration and general ate purposes.

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

Issuer:	Kivalliq Energy Corp.
Issue:	Common shares, flow-through common shares
Amount:	C$11,592,250 (including C$1,591,250 greenshoe)
Warrants:	No
Underwriters:	Dundee Securities Ltd. (lead), Versant Partners Inc., Canaccord Genuity Corp. and National Bank Financial Inc.
Pricing date:	May 7
Settlement date:	May 29
Stock symbol:	TSX Venture: KIV
Stock price:	C$0.46 at close May 4
Market capitalization:	C$61.15 million
Common stock
Amount:	C$3,205,800
Shares:	7,124,000
Price:	C$0.45
Flow-through stock
Amount:	C$8,386,450
Shares:	16,772,900
Price:	C$0.50

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