Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (” Ultra Lithium” or the “Business”) is happy to reveal that it has actually closed a non-brokered personal positioning releasing 3,636,364 Systems at a cost of C$ 0.055 per System for gross earnings of C$ 200,000.
Each System will be consisted of one typical share of the Business (each, a “System Share”) and one half of one typical share purchase warrant (each whole warrant, a “Warrant”). Each entire Warrant will entitle the holder thereof to acquire one typical share of the Business (each, a “Warrant Share”) at $0.11 in the very first twelve months following issuance and at $0.25 in the 2nd twelve months following issuance. The net earnings from the sale of Systems will be utilized for basic working capital functions.
There are no finders charges related to this Personal Positioning. The Personal Positioning goes through invoice of all needed regulative approvals consisting of the TSX Endeavor Exchange. The System Shares and Warrant Shares will go through a hold duration of 4 months and one day in accordance with appropriate securities laws.
About Ultra Lithium Inc.
Ultra Lithium Inc. is an expedition and advancement business with a concentrate on the acquisition and advancement of lithium, gold, and copper possessions. The Business holds a salt water lithium home in Argentina, acid rock spodumene type lithium residential or commercial properties at the Georgia Lake/ Forgan Lake location in northwestern Ontario, Canada, and a salt water lithium home in the Huge Smoky Valley, Nevada, U.S.A.. The Business likewise holds other gold and base metals residential or commercial properties in Argentina.
ON BEHALF OF THE BOARD OF DIRECTORS
” Kiki Smith”
Kiki Smith, CFO, Director
For more details, please get in touch with the Business at:
Attention: Kiki Smith
Telephone: 778Â 968-1176
Email: [email protected]
Site: www.ultralithium.com
or see the Business’s filings at www.SEDAR.com
Cautionary Declaration Relating To “Positive” Details
A few of the declarations consisted of in this news release are positive declarations and details within the significance of appropriate securities laws. Positive declarations and details can be determined by the usage of words such as “strategies”, “anticipates”, “means”, “is anticipated”, “prospective”, “recommends” or variations of such words or expressions, or declarations that specific actions, occasions or outcomes “might”, “might”, “must”, “would”, “may” or “will” be taken, take place or be attained. Positive declarations and details are not historic truths and undergo a variety of threats and unpredictabilities beyond the Business’s control. Real outcomes and advancements are most likely to vary and might vary materially, from those revealed or indicated by the positive declarations consisted of in this press release. Appropriately, readers must not position excessive dependence on positive declarations. The Business carries out no commitment to upgrade openly or otherwise modify any positive declarations, other than as might be needed by law.
Neither TSX Endeavor Exchange nor its Laws Solutions Company (as that term is specified in policies of the TSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.