By Devika Patel
Knoxville, Tenn., July 15 - Kivalliq Energy Corp. said it plans a C$6.2 million non-brokered private placement of units.
The company will sell 24.8 million units of one common share and a half-share warrant at C$0.25 apiece to Lumina Capital LP and other investors. Each whole warrant will be exercisable at C$0.35 for two years.
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: | Units of one common share and a half-share warrant
|
| Amount: | C$6.2 million
|
| Units: | 24.8 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Investor: | Lumina Capital LP
|
| Pricing date: | July 15
|
| Stock symbol: | TSX Venture: KIV
|
| Stock price: | C$0.30 at close July 15
|
| Market capitalization: | C$16.49 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.
