Kivalliq Energy Corporation: Referral fee for Royalty Portfolio
Kivalliq Energy Corporation: Referral fee for Royalty Portfolio
February 9, 2017
Not For Distribution To United States Newswire Services Or For Dissemination In The United States
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced, in
connection with the $1.0-million payment from Sandstorm Gold Ltd., subject to certain conditions, in
return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1 -
per-cent net smelter return (NSR) royalty pay able on all mineral products produced from the Angilak
property uranium project in Nunavut, Canada , (see Kivalliq news release January 16, 2017), Kivalliq has
agreed to pay a referral fee.
As compensation for its role in facilitating the transaction betw een Kivalliq and Sandstorm, Kivalliq has
agreed to pay a third party a referral fee of up to C$60,000.00 and issue up to 750,000 warrants ,
exercisable at a price of $0.15 for a period of 60 months , representing 6% cash and 6% warrants of the
equivalent of 12,500,000 units as a referral fee. This fee is consistent with the previously announced
fees paid in connection with the Kivalliq financing (See Kivalliq news release January 16, 2017).
About Kivalliq Energy Corporation
Kivalliq Energy Corporation (TSX -V: KIV) is a Vancouver -based company with a portfolio of high -quality
uranium exploration projects in Canada. Kivalliq holds Canada’s highest-grade uranium resource outside
of Saskatchewan. The Company’s flagship project, the 89,852 hectare Angilak Proper ty 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 200,909 hectare Genesis Property located northeast of
Saskatchewan’s Athabasca Basin, with Roughrider Exploration Limited funding the current explorat ion
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 km northeast from Wollaston Lake
to the Manitoba border.
Kivalliq’s team of no rthern exploration specialists has forged strong relationships with sophisticated
resource sector investors and Angilak Property partner Nunavut Tunngavik Inc. (NTI). Kivalliq was the
first company to sign a comprehensive agreement to explore for uranium o n 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 of Directors
"Jim Paterson"
James R. Paterson, 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 expresse d 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, K ivalliq 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.