Ultra Lithium Inc V.ULT

Alternate Symbol(s): ULTXF

Metals & Mining Industrial Metals & Minerals

Ultra Lithium Inc. is a Canada-based exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties in the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, United States of America. It also holds other gold and base metals properties in Argentina. Its lithium projects include Laguna Verde Brine Lithium Property, Georgia Lake Lithium Pegmatites, Forgan Lake Lithium Pegmatites and South Big Smoky Valley Project. It holds a Laguna Verde I and II brine lithium property in Argentina, comprising 7,569 hectares of land on three mining licenses. Its Georgia Lake Lithium Pegmatites Project comprises over 16 mineral claims covering 2,416 Hectares (ha) land in 151 units. Its South Big Smoky Valley Project consists of 659 placer claims covering over 13,000 acres.

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Ultra Lithium Inc

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Post by som3bodyon Feb 18, 2011 1:54pm

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Post# 18159679

Private Placement

Ultra Lithium completes $750,000 financing

2011-02-18 12:03 ET - News Release

Mr. Marc Morin reports

ULTRA LITHIUM CLOSES FINANCING

Ultra Lithium Inc. has closed its non-brokered private placement of 7.5million units for gross proceeds of $750,000. Each unit consists of onecommon share and one-half common share purchase warrant, with each wholewarrant entitling the holder to acquire one additional common share ofthe company at 10 cents per share at any time until Feb. 17, 2013. Theexpiry date of the warrants may be accelerated by the company if itsshares trade at 20 cents or higher for 10 consecutive trading days.

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