VANCOUVER, British Columbia, June 17, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) announces that it has closed the first tranche of its previously announced private placement (the “Private Placement”) (see news release dated June 2, 2022) for gross proceeds of C$1,074,699. The Company sold 4,220,000 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.25 per FT Unit for gross proceeds of C$1,055,000 from the sale of FT Units, and 83,829 non-flow-through units of the Company (each, an “NFT Unit”) at a price of C$0.235 per NFT Unit for gross proceeds of C$19,699.82 from the sale of NFT Units.
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