Officer net buying at Ultra Lithium (ULI)

Officer net buying at Ultra Lithium (:ULI)

Updated Wednesday Apr 11, 2018 02:08 AM EDT
Shaoguo Cao, a Senior Officer, disposed of 8,000,000 Common Shares on a direct ownership basis at a price of $0.330 through a private transaction on April 10th, 2018. The insider also acquired 29,000,000 Common Shares on an indirect ownership basis for registered holder Wenzhou Liten Dreamwork Investment Real Estate Co., Ltd. at a price of $0.330 through a private transaction on April 10th, 2018. This represents a $6,930,000 net investment into the company's shares and an account share holdings change of greater than 100%.

Ultra Lithium is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Ultra Lithium Inc. is a Canada-based exploration-stage company. The Company is engaged in the acquisition, exploration and evaluation of exploration and evaluation assets. The Company operates in Canada, the United States and Serbia. The Company, through its subsidiary, Ultra Balkans D.O.O. Beograd, holds mineral exploration licenses (ELs) for mineral prospects in the Republic of Serbia. The Company owns approximately 300 claims in the South Big Smokey Valley area, Esmeralda County, Nevada. The Company owns certain claims in Georgia Lake Ontario Property, which is located in Ontario. The Company has not generated any revenue from its exploration properties. The Company's subsidiaries include Ultra Lithium (USA) Inc. and Ultra Dragon Holdings Inc.


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