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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Ultra Lithium Inc Closes First Tranche Of Private Placement

Tuesday, 12 Mar 2013 01:59pm EDT 

Ultra Lithium Inc announced that it has closed the first tranche of its $4.5 million non-brokered private placement previously announced on January 21, 2013. Ultra Lithium raised $2,500,000 through the issuance of 50,000,000 units at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant entitles the holder to acquire an additional common share of the Company at $0.10 per share at any time until March 12, 2015. The proceeds from the private placement will be used primarily to fund the exploration and development of the Company's Balkans Project in the Republic of Serbia and for general working capital purposes. 

Company Quote

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30 Jan 2015