Wealth Arranges Non-Brokered Financing

http://www.stockhouse.com/news/press-releases/2017/03/30/wealth-arranges-non-brokered-financing

Vancouver, British Columbia / TheNewswire / March 30, 2017 – Wealth Minerals Ltd. (the “Company” or “Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN), is pleased to announce that it has arranged a non-brokered private placement (the “Placement”) of up to 3,600,000 shares (the “Shares”) of the Company at a price of $1.35 per Share for gross proceeds of up to $4,860,000.  All shares issued in the Placement will have a hold period in Canada of four months from the closing of the Placement.  Finder’s fees are payable on a portion of the Placement.

 

The net proceeds from the Placement are intended to fund option payments on the Company’s projects, the costs for the review and assessment of additional potential lithium mineral property acquisitions in South America, exploration work on the Company’s existing projects and for general and administrative expenses and working capital.

 

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