Ultra Lithium Closes Second Tranche of Private Placement

Ultra Lithium Inc. (TSXV:ULI) announced that it has closed the second tranche of its private placement for gross proceeds of $500,000. The Company issued 10,000,000 units to BGMI associates as part of the second tranche.

As quoted in the press release:

The units have an issue price of $0.05 per unit and are comprised of one (1) common share and one (1) share
purchase warrant of the Company.

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