Kivalliq Energy Corp.

Published : March 30th, 2015

Kivalliq Announces CDN$2.7M Financing

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Keywords :   Canada | Uranium |

Kivalliq Announces CDN$2.7M Financing

Vancouver, British Columbia - Kivalliq Energy Corporation (TSX-V:KIV) ("Kivalliq") today announced a non-brokered private placement financing to raise gross proceeds of CDN$2.7 Million, to fund uranium exploration at Kivalliq's wholly-owned Angilak and Hatchet Lake Properties in Canada, as well as for general corporate purposes.

Kivalliq intends to raise the CDN$2,700,000 by issuing up to an aggregate of 20,000,000 units, as follows:

CDN$1,500,000 gross proceeds by issuing up to 10,000,000 units ("FT Units"), at the price of CDN$0.15 per Unit (the "FT Offering"). Each FT Unit consists of one common share issued on a "flow-through basis" (a "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 $0.18 per Warrant Share;

CDN$1,200,000 gross proceeds by issuing up to 10,000,000 units ("Units"), at the price of CAD$0.12 per Unit (the "Offering"). Each Unit consists of one common share 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 $0.18 per Warrant Share.

Kivalliq will use the net proceeds of the FT Offering for eligible exploration expenditures, which will constitute "Canadian Exploration Expenses" ("CEE") that are "Flow-Through mining expenditures", as defined in the Income Tax Act which can be renounced to purchasers of the FT Shares for the 2015 taxation year in the aggregate amount of not less than the total amount of the gross proceeds raised from the FT Offering. The CEE shall be incurred no later than December 31, 2016.

The Warrants, as part of both the FT Offering and Offering, will be subject to an acceleration clause, whereby, if the weighted average trading price of Kivalliq's shares on the TSX Venture Exchange (the "Exchange") is at a price equal to or greater than $0.30 for a period of 20 consecutive trading days, Kivalliq will have the right to accelerate the expiry date of the Warrants. Kivalliq will give written notice to the holders of the Warrants that the Warrants will expire within 30 days of the date of notice to the Warrant holders. Such notice by Kivalliq to the holders of the Warrants may not be given until 4 months and one day after the Closing Date.

Closings of the FT Offering and Offering may occur on separate dates on or about April 28, 2015 and are both subject to receipt of applicable regulatory approvals, including the Exchange. The securities issued by Kivalliq in connection with the FT Offering and Offering are subject to a four month "hold period" as prescribed by the Exchange and applicable securities laws. A portion of the FT Offering and Offering may be subject to finders' fees.

The FT Offering and Offering are being made pursuant to prospectus exemptions in all provinces of Canada and in other jurisdictions as may be determined by Kivalliq. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation (TSX-V: KIV) is a Vancouver-based company with a portfolio of high-quality uranium exploration projects in Canada. Kivalliq holds Canada's highest-grade uranium resource outside of Saskatchewan. The Company's flagship project, the 275,469 acre Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq's comprehensive exploration programs continue to advance the Lac 50 Trend and demonstrate the "District Scale" potential of the Angilak Property.

Kivalliq holds a 100% interest in the recently acquired 13,711 hectare Hatchet Lake Property adjacent to the north-eastern margin of Saskatchewan's highly prolific Athabasca Basin. Results from previous work by Hathor Exploration Ltd and Rio Tinto Canada Uranium Corporation have identified multiple priority unconformity related basement targets at Hatchet Lake for follow-up in 2015.

Kivalliq also holds a 100% interest in the 495,883 Genesis Property located northeast of Saskatchewan's Athabasca Basin, with Roughrider Exploration Limited funding the current exploration program pursuant to an option to acquire up to an 85% interest in the property. This highly prospective project is located along the Wollaston-Mudjatik trend and extends 90 kilometres northeast from the Athabasca Basin to the Manitoba border.

Kivalliq's team of northern exploration specialists has also forged strong relationships with sophisticated resource sector investors and Angilak Property partner Nunavut Tunngavik Inc. (NTI). Kivalliq was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors

"Jim Paterson"

James R. Paterson, CEO

Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at [email protected].

Kivalliq Energy Corporation is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain disclosures in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposit, please refer to Kivalliq's news release of March 1, 2013. Other than as required by applicable securities legislation, Kivalliq expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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Kivalliq Energy Corp.

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Kivalliq is a silver and copper exploration company based in Canada.

Kivalliq holds various exploration projects in Canada.

Its main exploration properties are LAC CINQUANTE, ANGILAK and WASHBURN in Canada.

Kivalliq is listed in Canada. Its market capitalisation is CA$ 16.0 millions as of today (US$ 12.1 millions, € 10.4 millions).

Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.04, and its highest recent level on February 04, 2011 at CA$ 0.92.

Kivalliq has 246 750 000 shares outstanding.

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Financings of Kivalliq Energy Corp.
3/30/2015Announces CDN$2.7M Financing
3/6/2015Extends Warrants
4/9/2013Closes $4.5 Million Non-Brokered Financing
4/2/2013Announces $4.5 Million Financing
5/29/2012Closes $11.5 Million Bought Private Placement
5/7/2012Announces $10 Million Bought Private Placement
2/23/2012Closes CDN$9.47 Million Non-Brokered Financing
1/31/2012Announces $7.4 Million Financing
4/1/2011Closes $4.27 Million Non-Brokered Private Placement
3/28/2011Amends Financing Terms and Proposes $11.7 Million Financing
Nominations of Kivalliq Energy Corp.
9/26/2012Strengthens Team with Appointment of Jim Malone to Board of ...
6/7/2012Appoints Blair Lockhart Corporate Secretary
1/20/2012Strengthens Operational Team; Dale Wallster Joins Board of D...
10/7/2011Appoints Jonathon Singh Interim CFO
11/12/2008Appoints Jeff Ward as V.P. Exploration and Garth Kirkham to ...
Project news of Kivalliq Energy Corp.
1/13/2014Acquires Genesis Property in Northeastern Saskatchewan, Cana...
10/15/2013Acquires Baker Basin Uranium Property in Nunavut Territory, ...
9/9/20132013 Geochemical Program Prioritizes Lac 50 Trend Drill Targ...
6/4/2013(Angilak)Drills New ML Zone in Lac 50 Trend; Update on Phase 1 Explor...
11/6/2012Assays Confirm Tenth Uranium Discovery in the Lac 50 Trend; ...
9/24/2012Completes $20 million Exploration Program; Over 38,000 Metre...
8/27/2012Assays Confirm High Grade at J4 Zone; Strike Length Extended...
6/25/2012(Angilak)on 2012 Drilling at Angilak Property; Western Extension Zone...
4/5/2012(Angilak)Commences 35,000 Metre Drill Program at Angilak Property
2/22/2012(Angilak)Announces 35,000 Metres of Drilling for Angilak Property in ...
1/17/2012(Lac Cinquante)Lac Cinquante Resource Increases by 92% to 27.13 million lbs...
12/19/2011Additional High Grade Assays Reported From Eastern Extension...
10/12/2011is Exhibiting and Presenting at the Chicago Resource Expo
8/26/2011(Lac Cinquante)High Grade Assays Received From Lac Cinquante Resource Area ...
8/17/2011(Lac Cinquante)Discoveries Continue Along Lac Cinquante Trend; Mineralizati...
7/22/2011(Lac Cinquante)New Discovery Expands Resource Potential; Western Extension ...
5/31/2011is Exhibiting at Two Upcoming Resource Conferences in Vancou...
4/20/2011(Angilak)Commences Phase 1 of 35,000 Metre Drill Program at Angilak P...
3/29/2011(Lac Cinquante)Files NI 43-101 Technical Report on the Lac Cinquante Deposi...
2/15/2011(Angilak)Announces 35,000 Metres of Drilling for Angilak Property
2/7/2011(Lac Cinquante)Announces 14.15 Million Pound U3O8 Inferred Mineral Resource...
7/22/2008(Angilak)Commences $2.2 Million Exploration Program at Angilak; Compr...
Corporate news of Kivalliq Energy Corp.
7/7/2016Kivalliq Closes Financing
6/21/2016Kivalliq Announces Summer Program at Yat High- Grade Preciou...
2/1/2016Airborne Gravity Survey Commences on Genesis Property, Saska...
1/22/2016Kivalliq Appoints Yeung as CFO and Dare as Corporate Secreta...
12/22/2015Amended Agreement and Work Program Genesis Property, Saskatc...
10/19/2015Kivalliq Announces Significant Uranium Assays From Dipole Di...
10/15/2015Kivalliq Generates High Priority Basement Targets At Hatchet...
9/2/2015Kivalliq Energy Appoints Jonathan Singh as Corporate Secreta...
7/30/2015Kivalliq Drilling at Dipole Discovers New Radioactive Zone
7/9/2015Kivalliq Commences 2015 Exploration Program at Angilak Prope...
6/29/2015Kivalliq's Summer Program at Hatchet Lake Advances Priority ...
6/24/2015Winter Exploration Program Refines Jurgen Targets at Genesis...
4/20/2015Kivalliq Closes CDN$1,522,800 First Tranche Of Private Place...
3/30/2015Kivalliq Announces CDN$2.7M Financing
3/12/2015CEO Update March 2015
3/6/2015Kivalliq Extends Warrants
2/12/2015Kivalliq Acquires 100% Interest in the Hatchet Lake Uranium ...
2/10/2015Kivalliq Acquires 100% Interest in the Hatchet Lake Uranium ...
12/1/2014Kivalliq Announces Final Results from 2014 Phase 1 Explorati...
11/12/2014Kivalliq Announces Results from 2014 Exploration at Angilak;...
10/30/2014Kivalliq and Roughrider Add New Target Area to the Genesis P...
2/27/2014Celebration of life for Dr. Craig Finnigan – Tuesday Evening...
2/27/2014Announces Additional Positive Results From Metallurgical Tes...
1/3/2014More Indications of Global Growth in Nuclear Sector
1/1/2014A Happy New Year to All Kivalliq Stakeholders
11/7/2013Watch Pandora’s Promise on CNN Tonight
10/28/2013Interesting Article on Nuclear Power by NASA
10/22/2013Good Afternoon, Positive News From Uranium/Nuclear Sector
9/11/2013Announces Positive Metallurgical Results from J4 Zone and Or...
8/12/2013Launches Updated Corporate Website
7/23/2013Good Afternoon, Globe and Mail Article on Nuclear Energy
6/27/2013Reports Assay Results from 2013 Drilling at the ML and J1 Zo...
6/17/2013Good Morning - Scientific American article on Post-Fukushima...
5/4/2013CEO Update
5/3/2013Good Morning, Globe and Mail Article on Uranium
4/17/2013Drills New Zone Between Eastern Extension and J4 Zones
3/28/2013AGORACOM Reports 2,263 Investors From 59 Countries Participa...
3/21/2013Sneak peek at Kivalliq Energy’s presentation at online urani...
3/16/2013Good Morning - Kivalliq Energy to participate in an online u...
2/5/2013Announces 28,000 Metre Drill Program
2/4/2013Good morning, Kivalliq in the media
1/26/2013Good afternoon. Northern Miner Article on Kivalliq Energy
1/15/2013Announces 60% Increase in Uranium Resource; Lac 50 Trend De...
7/25/2012(Lac Cinquante)J4 Zone Strike Length Extended to 200 Metres; Initial 2012 R...
7/18/2012Good afternoon. Northern Miner Article Focuses on Kivalliq E...
7/11/2012Highly Radioactive J4 Zone Discovered - Ray Zone Strike Leng...
5/17/2012Good morning. “Uranium Reaction Update” with Rob Chang, Vers...
5/9/2012Good afternoon. The Energy Report interview with Rob Chang, ...
4/20/2012Good Morning. Podcast related to HEU agreement and the urani...
4/11/2012Good morning. Some positive news in the nuclear sector
3/12/2012Presented with 2012 Environmental Excellence Award by KIA
3/1/2012(Lac Cinquante)Files NI 43-101 Technical Report on the Lac Cinquante Deposi...
2/24/2012Rob Chang on BNN Discussing Uranium and Kivalliq
2/23/2012Positive News on the demand side for uranium sector
2/9/2012Positive News in the Uranium Sector
1/25/2012Excerpt from Thomas Drolet Presentation: Uranium Supply Crun...
1/18/2012Mentioned in the Globe and Mail
1/17/2012Exhibiting at Cambridge House and Roundup
1/12/2012(Angilak)2011 Prospecting Results Demonstrate Polymetallic Potential ...
1/10/2012(Angilak)High Grade Assays Received from 2011 Exploration Drilling at...
12/15/2011High Grade Assays Received From Deepest Drilling at Western ...
10/25/2011Additional High Grade Assays Received From Western Extension...
10/5/2011Western Extension Drilling Intersects Deepest Mineralization...
10/3/20112011 RC Exploration Strategy Yields New Discoveries
9/13/2011Rob Chang Interview on BNN
8/25/2011Good morning. Update Note on Uranium Sector
6/20/2011High Grade U-Cu-Ag-Mo Intercept Extends Blaze Zone; Assays R...
5/22/2011Presented with 2011 Environmental Excellence Award by the KI...
4/6/2011Closes Final Tranche of $5 Million Non-Brokered Private Plac...
3/7/2011Announces CAD$17.8 Million Financing
1/22/2009Chairman Rob Carpenter to Receive Award at British Columbia’...
1/22/2009Exhibits at Upcoming Vancouver Conferences
1/15/2009Reports 2.24% U3O8 over 1.5 metres from the Lac Cinquante De...
11/3/2008Completes 2008 Field Program
7/29/2008Announces Extension of Warrant Expiry Dates
7/28/2008Announces Application To Extend Warrant Expiry Dates
7/7/2008Commences Trading on TSX Venture Exchange
7/5/2008Shareholder Letter
7/3/2008Official Launch
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