Business
Kivalliq Energy Announces CAD$17.8 Million Financing
Mar. 7, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVI...
About this update from Valore Metals Corp.
[{"type":"text","content":"\n\n\n Mar. 7, 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\nOR FOR DISSEMINATION IN THE UNITED STATES\n\n\nVANCOUVER, March 7 /CNW/ - Kivalliq Energy Corporation (TSXV:KIV) ("Kivalliq" or the "Company") is pleased to announce that it has entered into an agreement with a\n syndicate of underwriters led by Canaccord Genuity Corp. and including\n Raymond James Ltd., Dundee Securities Ltd., Haywood Securities Inc. and\n Versant Partners Inc. (the "Underwriters") 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 CAD$0.90 per\n Flow-Through Share to raise CAD$10,008,000, on a bought deal private\n placement basis (the "Underwritten Offering").  The Company has granted\n the Underwriters an over-allotment option, exercisable prior to the\n closing of the Underwritten Offering, to purchase up to 2,780,000\n additional Flow-Through Shares at the issue price of the Offering, for\n additional proceeds of up to CAD$2,502,000 (the "Over-Allotment\n Option", and together with the Underwritten Offering, the "Offering"). \n\n\nIn addition, the Company plans to undertake a non-brokered private\n placement financing for up to 10,000,000 common shares at $0.78 per\n share (the "Non-Brokered Private Placement").  Insi...