Wealth Minerals closes $1.8M private placement

Ted Liu

Wealth Minerals closed oversubscribed private placement, raising gross proceeds of $4,894,863.74

Wealth Minerals Ltd. (TSX-V: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ) has closed previously announced non-brokered private placement of 1,838,800 common shares at $1.00 per share for gross proceeds of $1,838,800.

Wealth Minerals has been very active in fundraising. In 2016, it raised approximately $11.6 million in equity through five placements.

Vancouver based Wealth Minerals is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The company’s main focus is the acquisition of lithium projects in South America.

photo credit: Wealth Minerals