Wealth Closes $1.5 Million Non-Brokered Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR21-02 February 3, 2021
Corrected
Wealth Closes $1.5 Million Non-Brokered Private Placement
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd. (the “Company” or
“Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJ ZN), announces they have
closed the non-brokered private placement previously announced on December 14, 2020 (the “Placement”).
On February 1, 2021, a total of 15,668,614 units (each, a “Unit”) were issued under the Placement at a price
of $0.10 per Unit for gross proceeds of $1,566,861. Each Unit consists of one common share in the capital
of the Company (each, a “Share”) and one-half of one common share purchase warrant (a “Warrant”). Each
whole Warrant entitles the holder to acquire one additional sha re of the Company at a price of $0.15 per
Share for a period of two years, expiring on February 1, 2023.
All securities issued by the Comp any pursuant to the Placement will have a four month and one day hold
period in Canada ending on June 2, 2021.
In connection with the Placement, Marla Ritchie, the Company’s Corporate Secretary participated as to
$27,000. This transaction constituted a "related party transaction" as such term is defined under Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101”). The
Company is relying on the exemptions from the formal valuation and minority approval requirements under
MI 61- 101. The Company is exempt from the formal valuation and minority approval requirements of MI
61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction,
insofar as it involves interested parties, is not more than the 25% of the Company's market capitalization.”
Also in connection with the Place ment, the Company paid aggrega te finder’s fees of $79,590 cash and
795,900 Broker Warrants. Finder’s fees were paid to Apex GT Ca pital Corp., Canaccord Genuity Corp.
and PI Financial Corp. All Warrants issued as finder’s fees have the same terms and conditions as the Units
issued under the Placement, provided that the Warrants forming part of the Units issued as finder’s fees are
non-transferable.
The net proceeds from the Offering are intended to be used for general working capital.
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 registrati on or an applicable exemption from such
registration requirements. This news release does not constitu te an offer to sell or the solicitation of an
offer to buy nor will there be any sale of the foregoing securi ties in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Wealth Minerals Ltd.
Wealth is a mineral resource comp any with interests in Canada, Mexico, Peru and Chile. The Company’s
main focus is the acquisition and development of lithium projects in South America.
Wealth Minerals Ltd. - 2 - February 3, 2021
NR21-02 – Continued
The Company opportunistically advances battery metal projects, namely copper and nickel, where it has a
peer advantage in project selection and initial evaluation.
Lithium market dynamics and a rapidly increasing metal price ar e 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 suppl y and demand. In parallel with lithium market dynamics, Wealth believes
other battery metals will benefit from similar industry trends.
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 or Henk van Alphen
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: [email protected]
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 Refo rm 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 exploratio n 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 necessa ry permits, consen ts, 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
Wealth Minerals Ltd. - 3 - February 3, 2021
NR21-02 – Continued
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.