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.