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Ultra Lithium Arranges a Financing
Published : January 24, 2013
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Keywords :   Canada | Lithium | 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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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
12/20/2013Merry Christmas & Happy New Year from Ultra Lithium
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.
7/7/2011Acquires 344 Square kms of Serbian Mineral Concessions With ...
3/31/2011News Release
3/18/2011Canadian Orebodies Drills Widespread Tantalum Mineralization...
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TSX-V (ULI.V)
0.025+0.00%
TSX-V
CA$ 0.025
12/22 15:57 -
0%
Prev close Open
0.030 0.025
Low High
0.025 0.025
Year l/h YTD var.
0.020 -  0.060 -37.50%
52 week l/h 52 week var.
0.020 -  0.060 -37.50%
Volume 1 month var.
14,000 -37.50%
24hGold TrendPower© : -22
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DateVariationHighLow
2014-37.50%0.060.03
201333.33%0.110.03
2012-25.00%0.080.02
2011-50.00%0.170.03
201033.33%0.080.04
 
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