ULI.V Price: 0.180 Change: +0.00 Volume: 25500 15-20 min delay view details
Vancouver, B.C., September 18, 2014 – Ultra Lithium (TSX-V: ULI) (“the Company” or “Ultra”) is pleased to announce that it has closed its non-brokered private placement previously announced on August 18, 2014. Ultra raised $1,000,000 through the issuance of 20,000,000 common shares at a price of $0.05 per share.
All shares issued under the private placement will be subject to a four month hold period expiring on January 19, 2015, pursuant to applicable Canadian securities laws and the policies of the TSX Venture Exchange (“Exchange”).
The proceeds from the private placement will be used primarily to fund the exploration of the Company’s Balkans Project in the Republic of Serbia and for general working capital purposes.
On behalf of the Board of Directors
ULTRA LITHIUM INC.
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.