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Wealth Minerals Arranges $2.17 Million Non-Brokered Private Placement
Sep. 12, 2016 08:33AM PST
Battery Metals Investing
Wealth Minerals (TSXV:WML) has announced it has arranged a non-brokered private placement of up to 3.1 million shares of the company at a price of $0.70 per share for gross proceeds of up to $2.17 million. As quoted in the press release: The net proceeds from the Placement are intended to be used to fund …
Wealth Minerals (TSXV:WML) has announced it has arranged a non-brokered private placement of up to 3.1 million shares of the company at a price of $0.70 per share for gross proceeds of up to $2.17 million.
As quoted in the press release:
The net proceeds from the Placement are intended to be used to fund option payments on the Trinity and Atacama Lithium Projects, the costs of an initial exploration campaign on the Company’s properties anticipated to begin later this year, the costs for the review and assessment of additional potential lithium mineral property acquisitions in South America, and for general and administrative expenses and working capital.
Wealth continues to assess additional potential lithium mineral property acquisitions in South America on which the Company is actively negotiating.
Completion of the Placement is subject to the acceptance for filing thereof by the TSX Venture Exchange.
