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Wealth to raise up to US$15M to fund lithium projects; to list on Oslo bourse

Wealth Minerals Ltd. said June 2 that it intends to raise up to US$15 million through a placement of shares at C$1.50 each to fund its lithium exploration activities and potential property acquisitions.

The placement will consist of a non-brokered portion in the amount of up to US$5 million and a brokered portion in the amount of up to US$10 million, to be conducted by a consortium of Norwegian investment banks.

Meanwhile, Wealth Minerals filed preliminary listing documents with the Oslo Stock Exchange for a dual listing of its shares on Oslo Axess. The listing is expected to be completed during the second half of the year.