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Wealth Closes Financing of $1,556,000 and Arranges Additional Non-Brokered Private Placement of up to $1,000,000
Wealth Closes Financing of $1,556,000 and Arranges Additional Non-Brokered Private Placeme...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"\n\n\n\nWealth Closes Financing of $1,556,000 and Arranges Additional Non-Brokered Private Placement of up to $1,000,000\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 Financing of $1,556,000 and Arranges Additional Non-Brokered Private Placement of up to $1,000,000\nCanada NewsWire\nVANCOUVER, April 6, 2016\n\n\n\nVANCOUVER, April 6, 2016 /CNW/ - Wealth Minerals Ltd. (the \"Company\" or \"Wealth\") - (TSXV: WML; Frankfurt: EJZ), is pleased to announce that they have received TSX Venture Exchange acceptance to close the non-brokered private placement announced on March 23, 2016.\n\nToday, on the closing of the placement, the Company will issue a total of 7,780,000 common shares at a price of $0.20 per share.  All shares issued by the Company will have a four-month hold period in Canada ending on August 7, 2016.  A total of $64,820.00 in cash will be paid in finder's fees to Haywood Securities Inc., Canaccord Capital Corporation, Canfarm Investments Inc. and two individuals.\n\nThe Company also reports that they have arranged an additional financing of up to 4,000,000 shares at a price of $0.25 per share.\n\nAdditional Non-brokered Private Placement\n\nThe Company has arranged an additional non-brokered private placement of common shares (\"Placement\") consisting of up to 4,000,000 common shares at a price of $0.25 per share to raise gross proceeds of up to $1,000,000.  All shares issued in the Placement will have a hold period in Canada of four months from the closing of the Placement.  Finder's fees may be paid on a portion of the Placement.\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 and the negotiation of related formal documentation for any such acqu...