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| Home : Roughrider Funds New Genesis Work Program and Makes Final Option Payment to Kivalliq to Earn 50% Interest In Genesis Property |
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Sep 02
2017 |
Roughrider Funds New Genesis Work Program and Makes Final Option Payment to Kivalliq to Earn 50% Interest In Genesis Property |
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VANCOUVER, BC--(Marketwired - September 01, 2017) - Kivalliq Energy Corporation (TSX VENTURE: KIV) ("Kivalliq" or "the Company") today announced that it has received funds from Roughrider Exploration Limited (TSX VENTURE: REL) ("Roughrider") to undertake a new work program on the Genesis Property uranium project in Saskatchewan to commence September 2017. The receipt of funds completes Roughrider's expenditure commitment obligations to Kivalliq allowing Roughrider to earn its 50% Initial Interest (the "Initial Interest") in the Genesis Property, pursuant to the terms of the Option Agreement, as amended December 21, 2015 (the "Option Agreement"). The new work program will be announced upon final contracting of service providers. Roughrider holds the right to acquire up to an 85% interest in the Genesis Property from Kivalliq. For further details regarding the terms of the Option Agreement, please refer to the news release dated December 22, 2015 filed on www.sedar.com. |
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| Source:http://www.marketwired.com/mw/release.do?id=2232249&sourceType=3 |
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