March 24, 2016 / 12:53 PM / a year ago

BRIEF-Wealth arranges $1.6 mln private placement, negotiates debt settlements

March 24 (Reuters) - Wealth Minerals Ltd :

* Wealth minerals ltd says net proceeds from placement are intended to be used to fund costs related to ongoing discussions with Li3 energy, inc

* Brokered private placement and negotiates debt settlements

* Brokered private placement of common shares consisting of up to 8 million common shares at a price of $0.20 per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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