Business
Wealth Minerals Strengthens Board and Team with New Appointments, Arranges $266,060 Loan, Amends Previous Loans and Grants Stock Options
VANCOUVER, British Columbia, July 15, 2019 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfur
About this update from Wealth Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, July 15, 2019 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZN), is pleased to announce it has strengthened its board of directors with the appointment of David Lies as a Director. The Company also announces the appointment of Kenneth Strong as its Senior Advisor of Sustainability. “Mr. Lies is an exceptional and highly respected businessman with a proven background in guiding companies’ growth. His experience is a valuable addition to Wealth as we prepare to ramp up the development of our mineral assets,” stated Wealth’s CEO, Henk van Alphen, “we are very excited to have him join our team as a Director and I look forward to working with him.” Mr. van Alphen continued: “Bringing Mr. Strong onto the team will be a great addition to our dialogue with local communities in Chile, due to his experience working with indigenous groups and other stakeholders of natural resource projects. His father, Maurice Strong, was a director of Wealth in the past, and Mr. Strong follows in his father’s footsteps by leading Wealth’s sustainable natural resource development.” David Lies Background Mr. Lies is an entrepreneur and private equity investor with a focus on the real estate and manufacturing sectors for over 40 years. From being an executive in the real estate division of Inland Steel Development Corporation, Mr. Lies led the leveraged buyout of the division and managed its operations for over 30 years with multiple developments and projects. In private equity, Mr. Lies organized the buyout of Ryco Graphics, an industrial equipment company, managed a business’ turnaround by tripling revenues and substantially increasing profits, and finally exited from the investment in five years. Presently, Mr. Lies manages a portfolio of high growth potential companies across several sectors including the natural resource space. Kenneth Strong Background Mr. Strong has a multi-decade career focused on connecting capital markets with global resource sustainability. He is a founding Managing Partner of Global Acceleration Partners, Inc., a company dedicated to effecting the cross-border transfer and deployment of clean technology into emerging economies, particularly China. He has also served as Chairman and CEO of Technology Developme...