Ultra Lithium Granted Voluntary Management Cease Trade Order
2024年3月5日 - 6:11AM
Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra
Lithium” or the “Company”) announces that effective February 29,
2024 it has been granted a voluntary management cease trade order
in accordance with National Policy 12-203 due to it not being able
to file its annual financial statements and management’s discussion
and analysis (“MD&A”) for the year ended October 31, 2023 on
SEDAR within 120 days of its financial year-end. The management
cease trade order has been granted by the Company’s principal
regulator, the British Columbia Securities Commission.
The Company was not able to complete the
year-end audit within the time periods required by National
Instrument 51-102 due to the delay in commencing the audit owning
to insufficient funds. The Company expects to obtain a loan
financing in one week and commence the audit by mid-March. As a
result, the Company requires additional time to file its annual
financial statements and MD&A for the financial year ended
October 31, 2023.
The Company expects to file its annual financial
statements and MD&A for the year ended October 31, 2023 as soon
as they are available, but in any event no later than April 29,
2024, and will issue a news release once they have been filed. The
Company intends to satisfy the provisions of the alternative
information guidelines of National Policy 12-203, by issuing
bi-weekly default status reports, in the form of news releases,
until the revocation of the management cease trade order. The
Company is not subject to any insolvency proceedings. The
management cease trade order will prohibit the chief executive
officer and the chief financial officer of the Company from trading
in securities of the Company for so long as the annual financial
statements and MD&A are not filed. The issuance of the
management cease trade order does not affect the ability of persons
other than the chief executive officer and the chief financial
officer of the Company to trade in the Company's securities.
About Ultra Lithium Inc.
Ultra Lithium Inc. is an exploration and
development company with a focus on the acquisition and development
of lithium, gold, and copper assets. The Company holds a brine
lithium property in Argentina, hard rock spodumene type lithium
properties at the Georgia Lake / Forgan Lake area in northwestern
Ontario, Canada, and a brine lithium property in the Big Smoky
Valley, Nevada, USA. The Company also holds other gold and base
metals properties in Argentina.
ON BEHALF OF THE BOARD OF DIRECTORS “Kiki Smith” Kiki Smith,
CFO, Director
For further information, please contact the
Company at:Attention: Kiki SmithTelephone: 778 968-1176Email:
kiki@ultralithium.comWebsite: www.ultralithium.comor view the
Company’s filings at www.SEDARPLUS.ca.
Cautionary Statement Regarding
“Forward-Looking” InformationSome of the statements
contained in this press release are forward-looking statements and
information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the
use of words such as “plans”, “expects”, “intends”, “is expected”,
“potential”, “suggests” or variations of such words or phrases, or
statements that certain actions, events or results “may”, “could”,
“should”, “would”, “might” or “will” be taken, occur or be
achieved. Forward-looking statements and information are not
historical facts and are subject to a number of risks and
uncertainties beyond the Company’s control. Actual results and
developments are likely to differ and may differ materially from
those expressed or implied by the forward-looking statements
contained in this news release. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Ultra Lithium (TSXV:ULT)
過去 株価チャート
から 4 2024 まで 5 2024
Ultra Lithium (TSXV:ULT)
過去 株価チャート
から 5 2023 まで 5 2024