Vancouver (pcJ News Briefs) – Wealth Minerals Ltd. (TSX-V: WML; OTCQB: WMLLF; SSE: WMLCL; FSE: EJZN) has closed previously announced non-brokered private placement of 3,625,825 common shares at a price of $1.35 per share for gross proceeds of $4,894,863.74. The private placement was oversubscribed by 25,825 common shares.
Wealth Minerals issued 46,903 common shares and paid $102,466.45 in cash in finder’s fees to Eurojet Capital Corp. and Canaccord Genuity Corp.
Wealth Minerals will 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.
photo credit: Wealth Minerals