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Wealth Minerals Management to Host Conference Call
VANCOUVER, British Columbia, April 04, 2019 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfu
About this update from Wealth Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, April 04, 2019 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZN) announces a conference call with management to discuss the Company’s current operations, recently announced news on Atacama and the National Mining Company of Chile (“ENAMI”), and future development plans. The call will be hosted by Hendrik Van Alphen (CEO) and Tim McCutcheon (President) on Tuesday, April 9th, 2019 at 1:15 pm Pacific Standard Time (4:15 pm Eastern Standard time). Dial‑in numbers are as follows: Dial-In (Toll-Free US & Canada): +1 866-373-3402Dial-In (International): +1 201-689-7825 There is no access code. Webcast URL (archived for 6 months): Click Here Copper Spin-out Update Wealth previously announced the spin-out of its newly-formed copper subsidiary (see news release dated December 4, 2018). As initially announced, Wealth intended to spin-out to shareholders its ownership interest in a wholly-owned, British Columbia subsidiary, Wealth Copper Inc. (“Wealth Copper”) in the spring of 2019, with the intent of listing Wealth Copper on the TSX Venture Exchange (the “TSXV”). Wealth’s management has subsequently determined that it is in the best interests of the Company to delay the spin-out of Wealth Copper to a future date for various reasons, including the time and expense of obtaining the requisite court approval for the proposed arrangement needed to distribute the shares of Wealth Copper to shareholders of the Company in the United States. Henk Van Alphen, Wealth’s CEO, said, “When initially proposed, the copper spin-out opportunity was identified as having tremendous potential to provide value to shareholders. Given the cost and time involved, management is now of the opinion that greater value to shareholders can be achieved by Wealth maintaining an interest in Wealth Copper and participating in the future exploration and possible development of the Escalones and Cristal projects.” Escalones Project In connection with the decision to delay the spin-out of Wealth Copper, Wealth has entered into an amended and restated letter of intent (the “Amended TMI LOI”) with TriMetals Mining Inc. (“TMI”) that replaces a previous letter of intent dated November 30, 2018. Under the terms of the Amended TM...