Business
Wealth Completes Debt Equity Conversion
(via TheNewswire) Vancouver, British Columbia / TheNewswire / February 23, 2017 ...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Wealth Completes Debt Equity Conversion(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / February 23, 2017 - Wealth Minerals Ltd. (the \"Company\" or \"Wealth\") - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN), is pleased to announce that, on February 14, 2017, it closed the settlement of $1,041,965.40 in debt owing to certain creditors of the Company through the issuance of common shares at a price of $1.00 per share, issuing a total of 1,041,965 common shares in full settlement of the debt. The debt settlement has extinguished the last of Wealth's legacy debt before the Company's lithium sector focus starting in 2016. The common shares issued have a hold period in Canada expiring on June 15, 2017.\n\n \n \nAbout Wealth Minerals Ltd.\n\n \n \nWealth 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. To date, the Company has positioned itself to develop the Aguas Calientes Norte, Pujsa and Quisquiro Salars in Chile (the Trinity Project), work alongside existing producers in the prolific Atacama Salar, and advance the Laguna Verde lithium project. The Company continues to aggressively pursue new acquisitions in the region. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.\n\n \n \nFor further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.\n\n \n \nOn Behalf of the Board of Directors of\n\n\n \nWEALTH MINERALS LTD.\n\n \n \n\"Hendrik van Alphen\"\n\n\n \nHendrik van Alphen\n\n\n \nChief Executive Officer\n\n \n \nFor further information, please contact: Marla Ritchie\n\n\n \nPhone: 604-331-0096 Ext. 3886 or 604-638-3886\n\n\n \nE-mail: [email protected]\n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this ne...