News Release
August 2, 2017
Wealth Closes Non-Brokered Private Placement
FOR IMMEDIATE RELEASE….Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or “Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces that today it has closed the non-brokered private placement as announced on June 2, 2017 (the “Placement”) and June 29, 2017. The Company issued a total of 3,704,946 common shares, including shares issued pursuant to finder’s fees, at a price of $1.50 per share for gross proceeds of 5,483,459. The final tranche issuance consisted of 1,505,854 common shares at a price of $1.50 per share for proceeds of $2,258,781. All shares issued by the Company have a four-month hold period in Canada ending on December 1, 2017. Finder’s fees were paid in cash and/or shares to Haywood Securities Inc. ($53,025.00), Canaccord Genuity Corp. ($1,125.00 and 300 common shares), Euromerica Capital Group Inc. ($56,944.97), Aligned Capital Partners Inc. ($8,028.30), Hampton Securities Ltd. ($4,200.00) and Anders Nerell (49,000 common shares).
The net proceeds from the Placement are intended to fund option payments on the Company’s mineral property options, the costs for the review and assessment of additional potential lithium mineral property acquisitions in South America, exploration work on the Company’s existing projects and for general and administrative expenses and working capital purposes.
This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Wealth Minerals Ltd.
Wealth 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), as well as to work alongside existing producers in the prolific Atacama Salar, in addition to the Laguna Verde lithium project acquisition. The Company has also positioned itself to play a role in asset consolidation in Chile with the Five Salars Project.
The Company continues to pursue new acquisitions in the region, the latest of which is the Seven Salars Project and is eager to move the projects forward into production. 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.
For 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.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Executive Officer
For further information, please contact: Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: info@wealthminerals.com
The TSX Venture Exchange has in no way passed on the merits of this news release. Neither 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 news release.
