- Ultra Lithium (ULT) has announced a non-brokered private placement for gross proceeds of $600,000
- The company will issue up to 4,000,000 units at a price of $0.15 per unit
- Each warrant will be exercisable for $0.25 for the first 12 months following the closing date of the offering and at $0.35 thereafter
- Net proceeds will be used for general working capital purposes
- Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets
- Ultra Lithium Inc. opened the day’s trading at $0.15 per share
Ultra Lithium (ULT) has announced a non-brokered private placement for gross proceeds of $600,000.
The company will issue up to 4,000,000 units at a price of $0.15 per unit. Each unit will be made up of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share for a period of 24 months. Each warrant will be exercisable for $0.25 for the first 12 months following the closing date of the offering and at $0.35 thereafter.
Net proceeds will be used for general working capital purposes.
The closing of the offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets.
The company holds a brine lithium property in Argentina, and 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. The Company also holds other gold and base metals properties in Argentina.
Ultra Lithium Inc. opened trading at $0.15 per share.