From Ultra's SEC Filing:
This
prospectus
relates to the resale of up to 65,600,813 common shares, which may be
offered for sale from time to time by the selling shareholders named in
this prospectus or in a supplement hereto. We are registering the offer
and sale of the common shares to
satisfy registration rights we have granted to the selling shareholders
pursuant to a registration rights agreement dated as of April 12, 2017
(the “Registration Rights Agreement”). We have agreed to bear all of the
expenses incurred
in connection with the registration of the common shares. The selling
shareholders will pay or assume underwriting fees, discounts and
commissions or similar charges, if any, incurred in the sale of the
common shares.
We
are not selling any common shares under this prospectus and will not
receive any proceeds from the sale of common shares by the selling
shareholders