Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML;
OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces they have
closed the non-brokered private placement previously announced on
August 8, 2019 (the “Placement”). On August 22, 2019, a total
of 3,620,715 units (each, a “Unit”) were issued under the
Placement at a price of $0.35 per Unit for gross proceeds of
$1,252,200.25. Each Unit consists of one common share in the
capital of the Company (each, a “Share”) and one common share
purchase warrant (each, a “Warrant”) entitling the holder to
acquire one additional Share at a price of $0.40 per Share for
a period of two years, expiring on August 22, 2021.
All securities issued by the Company pursuant to
the Placement will have a four month and one day hold period in
Canada ending on December 23, 2019. No finder’s fees were
paid connection with the Placement.
The net proceeds from the Offering are intended
to be used to fund exploration and development of Wealth’s Atacama
Project as well as general corporate purposes.
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 and development of lithium projects in
South America. To date, the Company has positioned itself to
develop the Quisquiro Salar in Chile (the Trinity Project), as well
as to work alongside existing producers in the prolific Atacama
Salar, where the Company has a substantial licenses package. The
Company has also positioned itself to play a role in asset
consolidation in Chile with various lithium properties throughout
the country.
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
ofWEALTH MINERALS LTD.
"Hendrik van Alphen"Hendrik van Alphen,Chief
Executive Officer
For further information, please
contact: Marla RitchiePhone: 604-331-0096 Ext. 3886 or
604-638-3886E-mail: info@wealthminerals.com
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.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains forward-looking
statements and forward-looking information (collectively,
“forward-looking statements”) within the meaning of applicable
Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, included
herein including, without limitation, anticipated exploration
program results from exploration activities, the Company’s
expectation that it will be able to enter into agreements to
acquire interests in additional mineral properties, the discovery
and delineation of mineral deposits/resources/reserves, the closing
and amount of the Placement, and the anticipated business
plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are typically identified by words such as: “believe”, “expect”,
“anticipate”, “intend”, “estimate”, “postulate” and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors,
including, operating and technical difficulties in connection with
mineral exploration and development activities, actual results of
exploration activities, the estimation or realization of mineral
reserves and mineral resources, the timing and amount of estimated
future production, the costs of production, capital expenditures,
the costs and timing of the development of new deposits,
requirements for additional capital, future prices of lithium,
changes in general economic conditions, changes in the financial
markets and in the demand and market price for commodities, lack of
investor interest in the Placement, accidents, labour disputes and
other risks of the mining industry, delays in obtaining
governmental approvals, permits or financing or in the completion
of development or construction activities, changes in laws,
regulations and policies affecting mining operations, title
disputes, the inability of the Company to obtain any necessary
permits, consents, approvals or authorizations, including
acceptance by the TSX-V, required for the Placement, the timing and
possible outcome of any pending litigation, environmental issues
and liabilities, and risks related to joint venture operations, and
other risks and uncertainties disclosed in the Company’s latest
interim Management Discussion and Analysis and filed with certain
securities commissions in Canada. All of the Company’s Canadian
public disclosure filings may be accessed via www.sedar.com and
readers are urged to review these materials, including the
technical reports filed with respect to the Company’s mineral
properties.
Readers are cautioned not to place undue
reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this
news release or incorporated by reference herein, except as
otherwise required by law.
Wealth Minerals (TSXV:WML)
過去 株価チャート
から 11 2024 まで 12 2024
Wealth Minerals (TSXV:WML)
過去 株価チャート
から 12 2023 まで 12 2024