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Wealth Closes $1,000,000 Financing
Wealth Closes $1,000,000 Financing Wealth Closes $1,000,000 Financing Canada New...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"\n\n\n\nWealth Closes $1,000,000 Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWealth Closes $1,000,000 Financing\nCanada NewsWire\nVANCOUVER, April 21, 2016\n\n\n\nVANCOUVER, April 21, 2016 /CNW/ - Wealth Minerals Ltd. (the \"Company\" or \"Wealth\") - (TSXV: WML; OTCBB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), is pleased to announce that they have received TSX Venture Exchange acceptance to close the non-brokered private placement announced on April 6, 2016, and the placement closed on April 20, 2016.\n\nOn the closing of the placement, the Company issued a total of 4,000,000 common shares at a price of $0.25 per share.  All shares issued by the Company will have a four-month hold period in Canada ending on August 21, 2016.  A total of $20,650.00 in cash was paid in finder's fees to Haywood Securities Inc., Canaccord Capital Corporation and Leede Jones Gable Inc.\n\nThe net proceeds from the Placement are intended to be used to fund the costs related to the ongoing discussions with Li3 Energy, Inc. (\"Li3\") pursuant to the letter of intent with Li3 announced on February 1, 2016 (NR16-01), including to carry out and complete the required due diligence on Li3 and the Maricunga Lithium Project, for the review and assessment of additional potential lithium mineral property acquisitions in South America and the negotiation of related formal documentation for any such acquisition(s), for property payments and work programs on the Company's existing mineral properties and for general and administrative expenses and working capital.\n\nIn addition to the ongoing discussions with Li3 under the LOI, the Company is currently also involved in the review and evaluation of a number of prospective lithium mineral projects in South America for possible acquisition.  However, no agreements with respect to the acquisition of any such mineral projects has yet been entered into, and there can be no assurance that the Company will, in fact, be successful in entering into any such agreements or acquiring interests in any additional mineral properties.\n\nThis pre...