Bulletin Contents
Search
Home Page
 
Valore Metals Corp. 
Listed Company 

KIVALLIQ ENERGY CORPORATION ("KIV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 15, 2017
TSX Venture Tier 2 Company


TSX Venture Exchange has accepted for filing an option agreement dated May 5, 2017 (the 'Agreement') between the Company and Commander Resources Ltd. (the 'Optionor'). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in Baffin Gold Property (the 'Property'). By way of consideration, the Company will make cash payments totalling $10,000 and will issue 500,000 shares at a deemed price of $0.11 per share. Upon production of a bankable feasibility study, the Company will issue an additional 500,000 shares to the Optionor. Upon commencement of commercial production, the Company will pay an additional $6,000,000 to the Optionor. The Property is subject to NSRs between 0.25% and 0.5% in favour of the Optionor.

Please refer to the Company's news release dated May 8, 2017 for further details.
________________________________________