Ultra Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced private placement for gross proceeds of C$3,626,899. The Company sold 7,005,148 flow-through units of the Company at a price of C$0.165 per FT Unit for gross proceeds of C$1,155,849 from the sale of FT Units, and 16,473,667 non-flow-through
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