|
| Home : Ultra Lithium Completes First Tranche of Financing |
|
Jul 13
2012 |
Ultra Lithium Completes First Tranche of Financing |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - Ultra Lithium (TSX VENTURE:ULI) ("the Company" or "Ultra") is pleased to announce that it has closed the first tranche of its previously announced private placement with Beijing Guofang Mining Investment Co., Ltd., ("BGMI"). The Company issued 10,000,000 units to BGMI at a price of $0.05 per unit for gross proceeds of $500,000.00. Each unit consists of one common share of the Company and one common share purchase warrant ("Warrant"), with each warrant entitling BGMI to acquire one additional common share of the Company at $0.10 per share at any time until July 9, 2014. The securities issued under the private placement are subject to a four month hold period expiring November 10, 2012. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1679502&sourceType=3 |
| |
|
Related News
|
» Golden Reign Closes Unit Financing of $3.16 Million
» No Bomb on Plane Grounded for Suspicious Wires
|
|
|
