ULTRA LITHIUM INC. ("ULI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 22, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 10, 2017:
Number of Shares: 4,833,000 shares
Purchase Price: $0.25 per share
Warrants: 4,833,000 share purchase warrants to purchase 4,833,000 shares
Warrant Exercise Price: $0.40 for a one year period, subject to an acceleration clause.
Number of Placees: 20 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Weiguo Lang Y 400,000
Afzaal Ahmed Y 80,000
Jian Cheng Y 800,000
Janet's Head Holdings Inc. (Andrew Lee Smith) Y 50,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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