Kivalliq Announces Share Consolidation and Name Change to ValOre Metals Corp.
Kivalliq Announces Share Consolidation and Name Change to ValOre Metals Corp.
June 13, 2018
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq” or “the
Company”) today announced a proposed consolidation of the common shares of the Company on the
basis of ten (10) pre-consolidation shares for one (1) post consolidation share (the “Consolidation”). In
conjunction with the Consolidation, the Company's name will be changed to ValOre Metals Corp.
Currently, a total of 247,246,731 common shares are issued and outstanding. Upon Consolidation , a
total of approximately 24,724,673 common shares will be issued and outstanding, with no maximum
number of authorized common shares. The proposed Consolidati on and name change has been
approved by Kivalliq's board of directors, however, t his transaction is subject to TSX Venture Exchange
Approval.
Upon receipt of all necessary approval s, Computershare Trust Company of Canada (“Computershare”)
will mail letters of transmittal to the shareholders providing instructions on exchanging pre -
Consolidation share certificates for Post – Consolidation share certificates. At that time, s hareholders
are encouraged to send their share certificates, together with thei r letter of transmittal, to
Computershare in accordance with the instructions in the letter of transmittal.
The effective date of the Consolidation and name change will be disclosed in a subsequent news release.
In accordance with current TSX Venture Exch ange policies, shareholder approval will not be required for
the proposed consolidation or name change.
The Company is currently reviewing several potential financing alternatives in order to take advantage
of the Company’s improved capital structure pos t-Consolidation. The Company will issue appropriate
disclosure as required.
About Kivalliq Energy Corporation
Kivalliq Energy Corporation (TSX-V: KIV) is a Vancouver -based company with a portfolio of high -quality
uranium and precious metal exploration projects in Canada. In addition to the new Baffin Gold Property,
Kivalliq holds Canada’s highest -grade uranium resource outside of Saskatchewan. The Company’s
flagship project, the 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 demonstrate the “District Scale” potential of
the Angilak Property. For disclosure related to the infer red resource for the Lac 50 Trend uranium
deposits, please refer to Kivalliq’s news release of March 1, 2013.
In Sa skatchewan, Kivalliq holds a 100 % interest in the Hatchet Lake Property adjacent to the north -
eastern margin of the highly prolific uranium -producing Athabasca Basin. Compilation of results from
previous exploration by Hathor Exploration Limited and Rio Tinto have identified multiple, priority
unconformity-related basement targets at Hatchet Lake.
Kivalliq also holds a 50% interest in the 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 Wollaston Lake to the
Manitoba border.
Kivalliq’s team of northern exploration specialists has forged strong relationships with sophisticated
resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold
Properties. 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 standard s and proactive local community
engagement.
On behalf of the Board of Directors
"Jim Paterson"
James R. Paterson, Chairman and 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 Discovery Group of Companies, for more information
please visit www.discoverygroup.ca.
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. 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.