Brief: Ultra Lithium Says Upsizes Second Tranche Of Previously Announced Private Placement To Raise Up To $8.6 Mln

Ultra Lithium

15/02/2022 04:56

Feb 14 (Reuters) - Ultra Lithium Inc  ULT.V :
    * ULTRA LITHIUM UPSIZES SECOND TRANCHE OF PREVIOUSLY
ANNOUNCED
PRIVATE PLACEMENT TO RAISE UP TO $8.6 MIL DUE TO STRONG INVESTOR
DEMAND
    * SECOND TRANCHE WILL RAISE UP TO C$5 MILLION FROM SALE OF
27,777,778 UNITS AT A PRICE OF C$0.18 PER UNIT
    * AS PART OF SECOND TRANCHE, ZANGGE MINING CO INTENDS TO
INCREASE
ITS STRATEGIC INVESTMENT TO C$4.14 MILLION
    * ZANGGE WILL PARTICIPATE IN PRIVATE PLACEMENT THROUGH ITS
WHOLLY
OWNED SUBSIDIARY ZANGGE MINING INVESTMENT CO. LTD

Source text for Eikon:  ID:nGNX3BM6tq 
Further company coverage:  ULT.V 

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