Business
Kivalliq Energy Amends Financing Terms and Proposes $11.7 Million Financing
Mar. 23, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SER...
About this update from Valore Metals Corp.
[{"type":"text","content":"\n\n\n Mar. 23, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES\n\n\nVANCOUVER, March 23 /CNW/ - Kivalliq Energy Corporation (TSXV:KIV) ("Kivalliq" or the "Company")\n today announced that it has revised the terms of the financing\n previously announced on March 7, 2011. A syndicate of underwriters, led\n by Canaccord Genuity Corp. and including Raymond James Ltd., Dundee\n Securities Corp., Haywood Securities Inc. and Versant Partners Inc.\n (the "Underwriters"), are now proposing to sell 11,120,000 common\n shares of the Company issuable on a "flow-through" basis pursuant to\n the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of\n CAD$0.60 per Flow-Through Share to raise CAD$6,672,000, on a bought\n deal private placement basis (the "Underwritten Offering").  The\n Company has granted the Underwriters an over-allotment option,\n exercisable prior to the closing of the Underwritten Offering, to\n purchase up to 2,780,000 additional Flow-Through Shares at the issue\n price of the Offering, for additional proceeds of up to CAD$1,668,000\n (the "Over-Allotment Option", and together with the Underwritten\n Offering, the "Offering").\n\n\nIn addition, the Company now plans to undertake a non-brokered private\n placement financing for up to 10,000,000 common shares at a price of\n CA...