Vancouver (pcJ News Briefs) – Wealth Minerals Ltd. (TSX-V: WML; OTCQB: WMLLF; SSE: WMLCL; FSE: EJZN) has arranged a non-brokered private placement of up to 3,600,000 common shares at a price of $1.35 per share for gross proceeds of up to $4,860,000.
Wealth Minerals intends to use net proceeds to fund option payments on its projects, the costs for the review and assessment of additional potential lithium mineral property acquisitions in South America, exploration work on its existing projects and for general and administrative expenses and working capital.
Wealth Minerals continues to assess additional potential lithium mineral property acquisitions in South America on which it is actively negotiating.
photo credit: Wealth Minerals