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Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Ultra Uranium Corp Arranges $400,000 Private Placement-Canada Stockwatch News


Tuesday, 15 Jan 2013 03:13pm EST 

Canada Stockwatch News reported that Ultra Resources Corp. is now proceeding with a non-brokered private placement financing to raise up to $400,000 at a price of five cents per unit. The private placement is comprised of up to 8,000,000 units with each unit consisting of one common share and one three-year transferable warrant with each warrant entitling the holder to purchase one additional share at a price of $0.10 per share. The warrants will be subject to an accelerated expiry, wherein the expiry period of the warrants may be reduced, upon notice to holders and at the election of the Company, if the closing price of the shares of the warrant is equal to or greater than $0.25 per share for 10 consecutive trading days after any applicable hold periods. If this condition is met and the Company elects to accelerate all or a portion of the warrants, at its option, the exercise period will be reduced to 25 business days from the date notice is provided by the Company to the warrant holders. Funds from the financing will be used for general corporate purposes. A portion of the private placement will be issued on a flow-through basis. 

Company Quote

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15 Dec 2014