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Ultra Lithium Arranges a Financing
Published : January 24, 2013
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Keywords :   Canada | Lithium | Market | Serbia |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2013) - Ultra Lithium Inc. (News - Market indicators)(FRANKFURT:QFB) ("the Company") is pleased to announce that it has arranged for a non-brokered private placement of units (the "Units") of securities of the Company at a price of $0.05 per Unit for gross proceeds of up to $4,500,000. Each Unit will consist of one common share of the Company and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase an additional common share of the Company at an exercise price of $0.10 per share for a period of two years from closing of the private placement.

Finders' fees may be payable in connection with this private placement in accordance with the policies of the TSX Venture Exchange ("Exchange").

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.

All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including acceptance for filing by the Exchange.

On behalf of the Board of Directors,

ULTRA LITHIUM INC.

Marc Morin, President & CEO

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.

Ultra Lithium Inc.
Marc Morin
President & CEO
(604) 669-5778
(604) 669-9768 (FAX)
Companies Mentionned : Finders | Ultra Lithium |
Data and Statistics for these countries : Canada | Serbia | All
Gold and Silver Prices for these countries : Canada | Serbia | All

Ultra Lithium Inc

EXPLORATION STAGE
CODE : ULI.V
ISIN : CA90388B1085
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Ultra Lithium is an exploration company based in Canada.

Its main exploration property is ZIG ZAG in Canada.

Ultra Lithium is listed in Canada. Its market capitalisation is CA$ 11.7 millions as of today (US$ 9.0 millions, € 8.0 millions).

Its stock quote reached its lowest recent point on November 23, 2012 at CA$ 0.02, and its highest recent level on March 28, 2014 at CA$ 0.54.

Ultra Lithium has 40 930 000 shares outstanding.

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Financings of Ultra Lithium Inc
4/29/2013Completes Second Tranche of Private Placement
3/12/2013Closes First Tranche of Private Placement
1/24/2013Arranges a Financing
Nominations of Ultra Lithium Inc
10/30/2012Appoints New Technical Advisor
Corporate news of Ultra Lithium Inc
7/23/2015IIROC Trading Resumption - ULI
7/22/2015IIROC Trading Halt - ULI
11/25/2014Ultra Lithium Was Granted an Exclusive Right to Purchase the...
10/28/2013Enters Into a Letter of Intent for South Big Smoky Valley, N...
7/25/2013Commences Drilling at the Balkans Lithium and Boron Properti...
6/18/2013Finalizes Joint Venture Terms With BGMI on Balkans Project i...
5/27/2013Commences Work Program on Its Lithium and Boron Properties
5/27/2013Commences Work Program on Its Lithium and Boron Properties
11/8/2012Announces Completion of Geophysical Surveys on Balkans Prope...
3/2/2012from Ultra Lithium Inc.
1/17/2012from Ultra Lithium Inc.
3/31/2011News Release
3/18/2011Canadian Orebodies Drills Widespread Tantalum Mineralization...
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TSX-V (ULI.V)
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TSX-V
CA$ 0.285
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