October 20, 2016 / 8:57 PM / in 10 months

BRIEF-Wealth Minerals arranges $4.125 mln non-brokered private placement

Oct 20 (Reuters) - Wealth Minerals Ltd :

* Wealth arranges $4.125 million non-brokered private placement

* Non-Brokered private placement of up to 3.75 million shares of company at a price of $1.10 per share

* Proceeds from placement to be used to fund initial option payment on atacama lithium project

* Wealth Minerals - proceeds to be used to fund costs for review of additional potential lithium mineral property acquisitions in South America

* Wealth Minerals - continues to assess additional potential lithium mineral property acquisitions in south america on which co is actively negotiating Source text for Eikon: Further company coverage: ;))

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