Ultra Resources Inc. Closes Private Placement

Published Apr 08 2021 at 4:43 AM GMT
  • VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- Ultra Resources Inc.
  • (TSXV:ULT) ("Ultra Resources" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 9,438,250 units at $0.11 per unit for total gross proceeds of $1,038,208.
  • Each Unit is comprised of one common share and one-half non-transferable common share purchase warrant ("Warrant").
  • Each whole Warrant will entitle the holder to purchase an additional common share of the Company at an exercise price of $0.20 per share for a period of one year from closing of the private placement provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than Cdn $0.
  • 25 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate.


  • Published Apr 8, 2021 4:43 AM GMT