ULI.V Price: 0.165 Change: +0.000 Volume: 5000 15-20 min delay view details
Vancouver, B.C., October 11, 2013 – Ultra Lithium Inc. (TSX-V: ULI) (“the Company”) is pleased to announce that at the Company’s annual general and special meeting, Mr. Jinshui Zhao has been elected to the Board of Directors of the Company.
Mr. Zhao is the Executive Vice President and Director of the Department of Overseas Projects for Beijing Exploration Technology and Engineering Co., Ltd. (“BETEC”) since October 2004. Prior to joining BETEC, he had 20 years of technical experience with Anhui Prospecting Technology Institute, formerly known as the First Comprehensive Geophysical Prospecting Group of the Ministry of Geology and Mineral Resources.
Marc Morin, CEO and Director, said, “Mr. Zhao has extensive technical qualifications and significant industry experience. He will be a valuable addition to our Board."
The Company granted 250,000 stock options to Mr. Zhao pursuant to the terms of the Company’s stock option plan. The options are exercisable at a price of $0.10 per share for a period of 5 years from the date of grant and will vest over 18 months.
The Company wishes to thank and acknowledge Edward Kelly for his services as a former director.
On behalf of the Board of Directors,
ULTRA LITHIUM INC.
For more information contact the Company at:
Suite 507 – 700 West Pender Street, Vancouver, BC, V6C 1G8
Telephone: (604) 669-9788
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.