Ultra Resources Inc. (TSE:ULT) has released an update.
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Ultra Lithium Inc. has announced a temporary halt on management trading due to a delay in filing its annual financial statements and MD&A, citing insufficient funds as the reason for not completing the required audit on time. The company is working on securing loan financing to initiate the audit and expects to file the necessary documents by April 29, 2024, while complying with regulatory guidelines by issuing bi-weekly updates. This management cease trade order does not affect other shareholders but limits the company’s CEO and CFO from trading its securities.
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