ULTRA LITHIUM ARRANGES A FINANCING
(firmenpresse) -
ULTRA LITHIUM ARRANGES A FINANCING
Vancouver, B.C., January 21, 2013 – Ultra Lithium Inc. (TSX-V: ULI) (FSE: 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 ”
Marc Morin
President & CEO
For more information contact the Company at:
Telephone: (604) 669-5778
Facsimile:(604) 669-9768
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.
Leseranfragen:
Ultra Lithium Inc.
507 - 700 West Pender Street
Vancouver, BC; V6C 1G8
KANADA
John Bui
ir(at)ultralithium.com
Datum: 23.01.2013 - 08:58 Uhr
Sprache: Deutsch
News-ID 222069
Anzahl Zeichen: 2069
contact information:
Town:
Wien
Kategorie:
Business News
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