Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has retained Deutsche Investor-Relations GmbH (“DIRG”) of Berlin, Germany to provide investor relations services in Europe. Ultra Lithium and DIRG are at arm’s length.
DIRG provides a multitude of investor relations services to publicly traded companies who is looking to establish support in Europe. DIRG will create an online presence for Ultra Lithium through the creation of a corporate profile on www.wallstreetonline.de, with the intention of creating a multifaceted investor relations program based on Ultra Lithium’s profile.
DIRG will be paid a fee of €2,500 EURO per month for a period of 6 months, subject to automatic 6 month renewals unless cancelled in advance by either party, and will be granted options to acquire 261,000 shares at CAD $0.11 per share for a period of two years pursuant to the Company’s Stock Option Plan. These options will vest over a period of 18 months. The grant of these options is subject to TSX-V acceptance of the agreement with DIRG. DIRG does not presently hold any securities of Ultra Lithium.
Ultra Lithium also wishes to announce that it has granted 100,000 stock options to an officer of the Company, exercisable for a period of ten years, at a price of $0.11 per share.
On behalf of the Board of Directors
Marc Morin, President & CEO
Cautionary Statement Regarding “Forward-Looking” Information
Some 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.