Ultra Lithium Inc
OTCQB:ULTXFView on Canadian Exchange

  • LAST PRICE
    0.0074
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    0.0031/ 100
  • Ask / Lots
    0.0312/ 321
  • Open / Previous Close
    --- / 0.0074
  • Day Range
    ---
  • 52 Week Range
    0.0074
    0.0388
  • Volume
    ---

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  • Nov 20, 2024

      Show headlines and story abstract

    • 8:17PM ET on Wednesday Nov 20, 2024 by Dow Jones
      Companies Mentioned: ULT

      Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

      VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV:ULT, OTCQB: ULTXF and Frankfurt: QFB) ("Ultra Lithium" or the "Company") today announces it has received a section 244(1) notice under the Bankruptcy and Insolvency Act (Canada) ("s.244 Notice") from Power Minerals Limited ("Power Minerals"). Power Minerals intends to make a court application to appoint a receiver over Ultra Lithium's assets to enforce Power Mineral's security under a convertible loan agreement ("CLA") between the two companies. Ultra Lithium may file a Notice of Intention to make a proposal to restructure the Company's debt within the 10 day notice period provided under the S.244 Notice.

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