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Ultra Closes $250,000 Private Placement

By April 19, 2016April 25th, 20162014 News Releases, News Release

December 31, 2014 – Ultra Resources Corp. (“Ultra”)(TSX.V-ULT) announces that it has closed its private placement of 5,000,000 units at $0.05 per unit for proceeds of $250,000 of which $250,000 comprised flow-through funds. Each unit consists of one common share and one transferable warrant entitling the holder to purchase one additional share at a price of $0.05 per share for five years. The units are restricted from trading until May 1, 2015. The private placement has been accepted for filing by the TSX Venture Exchange. The $150,000 in flow-through proceeds will fund exploration including at Ultra’s Buck Lake platinum, palladium, nickel project situated 25 kilometers west of North American Palladium Corp.’s Lac des Iles mine near Thunder Bay, in Ontario, Canada. The $100,000 in non-flow-through proceeds will be used for general corporate purposes including debt payment.

Ultra’s common shares are listed and called for trading on the TSX Venture Exchange with the trading symbol “ULT”. Information on Ultra can be accessed at


PER: “John Brydle”

John Brydle, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements