Ultra Lithium Completes Second Tranche of Private Placement

(firmenpresse) -
Ultra Lithium Completes Second Tranche of Private Placement

Vancouver, B.C., April 29, 2013 – Ultra Lithium (TSX-V: ULI) (“the Company” or “Ultra”) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement first announced on January 21, 2013. The Company has raised an additional $2,000,000 through the issuance of 40,000,000 units at $0.05 per unit. Combined with the first tranche which closed on March 12, 2013, Ultra has raised a total of $4,500,000.

Each unit consists of one common share and one-half of one common share purchase warrant ("Warrant") of the Company. Each whole Warrant entitles the holder to acquire an additional common share of the Company at an exercise price of $0.10 per share for a period of two years from the date of issuance of the Warrant.

Ultra agreed to pay aggregate finders' fees of $67,500 and 6,750,000 shares, being 9% of the total gross proceeds raised on the private placement.

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.

We seek Safe Harbor.

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Bereitgestellt von Benutzer: irw
Datum: 30.04.2013 - 08:34 Uhr
Sprache: Deutsch
News-ID 254155
Anzahl Zeichen: 1631

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Wien

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Business News

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