On September 28th, Wealth Minerals (OTCQB:$WMLLF) announced that it had closed the non-brokered private placements. The placements had previously been announced on September 25, 2017. During this time, a total of 2,583,700 common shares had been issued at a price of $1.50 per share for gross proceeds of $3,875,550. On January 29, 2018, all the shares issued by the company will end their four-month hold period. Canaccord Genuity Corp received $31,447.50 and Haywood Securities Inc. received $133,841.00 in finder’s fees.

Wealth is a mineral resource company. It operates at interests in Mexico, Peru, Chile and Canada, with a particular focus on lithium projects in South America. The list of projects the company has developed includes Pujsa, Quisquiro Salars, and Aguas Calientes Norte. The company also works alongside existing producers Atacama Salar and the Laguna Verde Lithium project acquisition.

The company also continues to pursue acquisitions in the South American region. The latest of these is the Seven Salars Project. These projects are spurned on by increasing metal prices and the dynamics of the increasing demand for lithium. Several precious and base metal exploration-stage projects are also included in the company’s portfolio.

The company’s head office is in downtown Vancouver, Canada. 

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