Brief: Ultra Lithium signs binding LOI to acquire lithium salar project in Argentina

Ultra Lithium

22/09/2016 14:00

Sept 22 (Reuters) - Ultra Lithium Inc  ULI.V : 
    * Ultra Lithium signs a binding LOI to acquire lithium salar 
project in Argentina and announces $300,000 private placement 
    * Co has signed a binding letter of intent to acquire an 80 
% interest in a lithium salar property 
    * Co intends to complete a non-brokered private placement of 
up to 2 million units of co at a price of $0.15 per unit 
    * Proceeds from private placement will be used to fund 
exploration of co's South Big Smoky Valley property 
 
Source text for Eikon:  ID:nCCN7KZVFT  
Further company coverage:  ULI.V  
 
 ((Bangalore.newsroom@thomsonreuters.com;))