BRIEF-Ultra Lithium signs binding LOI to acquire lithium salar project in Argentina
Sept 22 (Reuters) - Ultra Lithium Inc :
* Ultra Lithium signs a binding LOI to acquire lithium salar project in Argentina and announces $300,000 private placement
* Co has signed a binding letter of intent to acquire an 80 % interest in a lithium salar property
* Co intends to complete a non-brokered private placement of up to 2 million units of co at a price of $0.15 per unit
* Proceeds from private placement will be used to fund exploration of co's South Big Smoky Valley property Source text for Eikon: Further company coverage:
© Thomson Reuters 2016 All rights reserved.