Kivalliq Energy Announces Closing of $7.4 Million Bought Deal Financing

About this update from Valore Metals Corp.

[{"type":"text","content":"\n\n\n Mar. 30, 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\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, March 30 /CNW/ - Kivalliq Energy Corporation (TSXV:KIV) ("Kivalliq" or the "Company") is pleased to announce that it has today closed the bought deal private\n placement financing announced March 7, 2011 pursuant to the amended\n terms described in the Company's news release dated March 23, 2011 (the\n "Offering").  The Company has issued an aggregate of 12,333,600\n flow-through common shares (the "Shares") at a price of $0.60 per Share\n for gross proceeds of $7,400,160.\n\n\nThe Offering was led by Canaccord Genuity Corp. and included Raymond\n James Ltd., Dundee Securities Corp., Haywood Securities Inc. and\n Versant Partners Inc. (the "Underwriters").  The Underwriters received\n a cash commission of 6% of the gross proceeds raised through the\n Offering and warrants ("Broker Warrants") equal to 3% of the Shares\n issued through the Offering.  Each Broker Warrant shall be exercisable\n to acquire one common share of the Company at an exercise price of\n $0.90 for a period of 24 months from closing.  Securities issued under\n the Offering are subject to a hold period which will expire four months\n and a day from the date of closing, being July 31, 2011.\n\n\nThe Company intends to use the net proceeds of the Offering...

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