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

Wealth Minerals closes $1.8M private placement

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

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.