- Ultra Lithium (ULT) has amended its previously announced $7,003,000 non-brokered private placement to include flow-through units
- The company will issue flow-through units priced at $0.25 per unit for additional gross proceeds of up to $2 million
- Yahua intends to acquire $5 million in units
- The net proceeds will be used to fund the exploration of the company’s properties in Argentina, Canada and Nevada
- Ultra Lithium Inc. is an exploration and development company focused on the development of lithium, gold, and copper assets
- Ultra Lithium Inc. (ULT) opened trading at C$0.22
Ultra Lithium (ULT) has amended its previously announced $7,003,000 non-brokered private placement to include flow-through units.
The company will raise $7,003,000 from the sale of units and flow-through units.
Red Cloud Securities Inc. is acting as a finder in connection with a portion of the Offering.
Each unit will comprise one common share and one half of one common share purchase warrant. Each flow-through unit will consist of one common share and one half of one warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share for $0.30 for a period of 12 months.
The net proceeds will be used to fund the exploration of the company’s properties in Argentina, Canada and Nevada and for general working capital purposes.
As part of the offering, Yahua intends to acquire $5 million in units.
The offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
All securities issued will be subject to a four-month hold period of four months.
Ultra Lithium Inc. is an exploration and development company focused on the development of lithium, gold, and copper assets.
It holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley Nevada, USA.
Ultra Lithium Inc. (ULT) opened trading at C$0.22.