Deal sells units of one flow-through share and a half-share warrant
By Devika Patel
Knoxville, Tenn., July 2 – Kivalliq Energy Corp. said it plans a C$1.1 million non-brokered private placement of units.
The company will sell 5 million units of one flow-through common share and a half-share warrant at C$0.22 per unit.
Each whole, two-year warrant will be exercisable at C$0.28, a 55.56% premium to the July 1 closing share price of C$0.18.
Settlement is expected Wednesday.
Proceeds will be used for mineral exploration.
Kivalliq is a uranium exploration and development company based in Vancouver, B.C.
| Issuer: | Kivalliq Energy Corp.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$1.1 million
|
| Units: | 5 million
|
| Price: | C$0.22
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.28
|
| Agent: | Non-brokered
|
| Pricing date: | July 2
|
| Settlement date: | July 2
|
| Stock symbol: | TSX Venture: KIV
|
| Stock price: | C$0.18 at close July 1
|
| Market capitalization: | C$36.3 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
