Source: Wealth Minerals
  • Wealth Minerals (WML) has announced a non-brokered private placement for gross proceeds of up to $1,112,500
  • The company will issue up to 4,450,000 units priced at $0.25 per unit
  • The offering is expected to be fully subscribed
  • Wealth is a mineral resource company focused on the development of lithium projects in South America
  • Wealth Minerals Ltd. (WML) opened trading at C$0.29

Wealth Minerals (WML) has announced a non-brokered private placement for gross proceeds of up to $1,112,500.

The company will issue up to 4,450,000 units priced at $0.25 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share for a period of two years.

The offering is currently 80 per cent subscribed and is expected to be fully subscribed.

All securities issued are subject to a four-month hold period.

Net proceeds will be used for exploration and general working capital.

Wealth is a mineral resource company focused on the development of lithium projects in South America. The company holds interests in Canada, Mexico and Chile.

Wealth Minerals Ltd. (WML) opened trading at C$0.29.

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