Kivalliq Energy Announces Voting Results of AGM and Management Changes
Kivalliq Energy Announces Voting Results of AGM and Management Changes
July 6, 2017
Vancouver, B.C. – KIvalliq Energy Corporation (KIV:TSX-V) (“Kivalliq” or the
“Company”) today announced the Annual General Meeting voting results and changes to
executive leadership.
The Company is pleased to announce the voting results of its recent annual general meeting of
shareholders ("AGM"), which was held on July 5, 2017. Shareholders approved the business
items of setting the size of the Board at five, including the election of each director nominee.
Detailed results of the vote for the election of directors are as follows:
Nominee # Voted For %Voted For # Votes Withheld % Votes Withheld
James Paterson 19,663,485 99.75 50,200 0.25
James Dawson 19,631,645 99.69 61,040 0.31
James Malone 19,630,345 99.68 62,340 0.32
Garth Kirkham 19,631,645 99.69 61,040 0.31
Dale Wallster 19,631,645 99.69 61,040 0.31
Shareholders also approved the appointment of Davidson & Company LLP, as the auditors of
the Company by 99.69% of votes for, while the stock option plan and resolution authorizing and
the continuation of the Company's Rolling Stock Option Plan was approved by approximately
99.10%. The composition of the committees of the board of directors , all members being
independent directors, are as follows:
Audit: James Dawson (Chair), James Malone, Dale Wallster
Compensation: Dale Wallster (Chair), James Malone, James Dawson
Corporate Governance: Garth Kirkham (Chair), James Malone, James Dawson
Current director and CEO, Jim Paterson, has been appointed to the role of Chairman of
Kivalliq’s board of directors. John Robins, former Chairman and founder of the Company , did
not stand for re-election but will remain a strong supporter of the Company and moving forward
will be an Advisor to the Company.
Robert Scott, has been appointed as CFO, effective immediately. Mr. Scott, CPA, CA, CFA
brings more than 20 years of professional experience in accounting, corporate finance, and
merchant and commercial banking and has served on the management teams and boards of a
number of Canadian publicly traded companies. He is a founder and president of Corex
Management Inc., a private company providing accounting, administration, and corporate
compliance services to privately held and publicly traded companies. Mr. Scott currently holds
senior management and board positions with a number of TSX Venture Exchange Issuers
including Riverside Resources Inc., Great Bear Resources Ltd. and Northern Empire Resources
Corp.
“On behalf of Kivalliq’s board of directors, we sincerely thank John Robins for his stewardship of
the Company for t he past decade. Going forward we count on John to continue to provide his
significant industry insight and support, in an Advisory capacity, as we advance our current
project holdings and look for new opportunities to reward our shareholders. We are also e xcited
to have Rob Scott join our team and play an active role in Kivalliq’s future success.”
Option Grant
On July 6, 2017 the Company granted 10,900,000 Options to certain Directors, Officers and
Consultants of the Company. The Options are exercisable at a price of $0. 10 per share for a
period of five years from the date of grant. Options granted will vest in four equal installments
over 24 months. The Options were granted pursuant to the Company's shareholder -approved
stock option plan and are subject to the policies of the TSX Venture Exchange and any
applicable regulatory hold periods.
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 89,852 hectare 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 inferred resource for the Lac 50 Trend uranium deposits,
please refer to Kivalliq’s news release of March 1, 2013.
In Saskatchewan, Kivalliq holds a 100% interest in the 13,711 hectare 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 that
were followed up in 2015.
Kivalliq also holds a 100% interest in the 131,412 hectare 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 compreh ensive
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 standards and proactive local community engagement.
On behalf of the Board
Kivalliq Energy Corporation
/s/ "Jim Paterson"
Chairman and CEO
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 adequ acy or
accuracy of this release.
For further information about Kivalliq Energy Corporation or this news release, please visit our
website at www.kivalliqenergy.com
Kivalliq Energy Corporation
www.kivalliqenergy.com
Investor Relations
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