ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News

Ultra Lithium Announces Private Placement

March 21, 2016/in News Releases/by Matthew Schade

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 5,000,000 units (the “Units”) of the Company at a price of $0.10 per Unit for aggregate proceeds of up to CDN$500,000. Each Unit will be comprised of one common share 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 $0.20 per share for a period of one year from closing of the private placement provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than Cdn $0.40 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given.

The proceeds from the Private Placement will be used to fund the exploration of the Company’s South Big Smoky Valley property 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 TSX Venture Exchange.

About Ultra Lithium Inc.
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The Company is currently focused on North American acquisitions and exploring its Big Smoky Valley Project located in Nevada, USA. The Big Smoky Valley project is in the vicinity of Abermarle’s Silver Peak mine and only 310 kilometres from Tesla’s upcoming Gigafactory.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
Ford Electric Car Ford Electric Car Offers Impressive Range
Ultra Resources Begins Metallurgical Testwork for La Rioja Gold Project in Argentina
central banks Central Banks Help Determine Gold’s Value
Ultra Lithium Starts Drilling at the Georgia Lake Lithium Property
Ultra Lithium Applies for Drill Permit for High Quality Brine Lithium Exploration Targets from Geophysical Surveys at Salar Laguna Verde in Argentina
Ultra Lithium signs Agreement to acquire 100% Interest In Nevada Lithium Project
US EV Tax Credit US EV Tax Credit could be Expanded
Kyocera Li-Ion Battery to Increase Capacity, Density

LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Ultra Lithium’s Sampling Program Confirms Presence of Anomalous Lithium...Ultra Lithium Receives Drilling Permit and Signs Drill Contract for Exploration...
Scroll to top