Deal funds option payments on Trinity and Atacama Lithium Projects
By Devika Patel
Knoxville, Tenn., Sept. 12 – Wealth Minerals Ltd. said on Friday that it has arranged a C$2.17 million non-brokered private placement of stock.
The company will sell 3.1 million common shares at C$0.70 per share, a 39.13% discount to the Sept. 8 closing share price of C$1.15.
Proceeds will be used for option payments on the Trinity and Atacama Lithium Projects, an exploration campaign on the company's properties, the review and assessment of additional potential property acquisitions in South America, general and administrative expenses and working capital.
Wealth Minerals is an early-stage mineral exploration company based in Vancouver, B.C.
| Issuer: | Wealth Minerals Ltd.
|
| Issue: | Common stock
|
| Amount: | C$2.17 million
|
| Shares: | 3.1 million
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 9
|
| Stock symbol: | TSX Venture: WML
|
| Stock price: | C$1.15 at close Sept. 8
|
| Market capitalization: | C$59.38 million
|
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