ULTRA RESOURCES CORP. ("ULT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 13, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 15, 2013:
Number of Shares: 600,000 flow-through shares and
7,400,000 non-flow-through shares
Purchase Price: $0.05 per share
Warrants: 8,000,000 share purchase warrants to purchase 8,000,000 shares
Warrant Exercise Price: $0.10 for a three year period. If the volume weighted average trading price is at $0.25 or higher for 10 consecutive trading days at any time after four months and one day after closing the Company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 25 business days from the date of notice.
Number of Placees: 14 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Sean Fahy P 300,000 flow-through shares
Alnoor Versi P 200,000 non flow-through shares
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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