Blog by Ultra Resources Corp.

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December 16, 2014: Ultra Resources Corp. ("Ultra")(TSX.V-ULT) announces a private placement financing of up to $250,000 comprised of up to 5,000,000 units at $0.05 per unit, of which up to $150,000 is flow- through. Each unit consists of one common share and one five-year transferable warrant entitling the holder to purchase one additional share at a price of $0.05 per share. The flow- through shares comprising the flow-through units and flow-through shares issuable upon exercise of the warrants comprising the flow-through units will entitle the holder to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada). Read More…