- 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.