Appoints New Director
Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML)
(OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:EJZ), reports that it has
strengthened its board of directors with the appointment of Gordon
Neal to serve as a director.
"Gord’s experience within the institutional
investment community will be of paramount importance to Wealth as
we move our lithium brine assets forward,” stated Henk van Alphen,
Wealth’s CEO. "I have worked with Gord on other boards and
have seen firsthand his attention to value creation for all
shareholders and his understanding of capital markets.
Wealth’s market capitalization has grown from under $10
million to almost $150 million in the last two years and as we
continue to move forward I look forward to drawing on the depth of
board experience that is available to the Company.”
Gord Neal Background
Mr. Neal has more than 35 years’ experience in
governance, corporate finance and investor relations. He
founded Neal McInerney Investor Relations in 1991. Through
marketing more than $4 billion in debt and equity financings, the
company grew to be the second largest full-service Investor
Relations firm in Canada with offices in Vancouver, Toronto and Los
Angeles. Clients included; BCE, Nortel, Bell Canada
International, Bell Mobility, Clearnet, Intrawest, Canaccord
Capital, BMO Nesbitt Burns, and Blackberry (RIM).
More recently, Mr. Neal was VP Corporate
Development at MAG Silver Corp. (TSX:MAG) (current market
capitalization of $1.3 billion), where he provided capital market
strategies and solutions to the board. He is currently VP
Corporate Development for Silvercorp Metals Inc. (TSX:SVM) (current
market capitalization $600 million).
Mr. Neal has served on the board of Falco
Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital,
and Xiana Mining and he has raised more than $500 million for
resource companies since 2004. Mr. Neal graduated from
Dalhousie University with a B.Sc. in Biochemistry in 1977. He has
also served as a member of the Dalhousie University Senate and
Board of Governors.
Stock Option Grant
The Company also announces that, pursuant to its
2004 Incentive Stock Option Plan, it has granted incentive stock
options to directors, officers, employees and consultants of the
Company and its affiliates to purchase up to an aggregate of
1,500,000 common shares in the capital stock of the Company.
The options are exercisable on or before July 7, 2019 at a price of
$1.85 per share.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with
interests in Canada, Mexico, Peru and Chile. The Company’s main
focus is the acquisition of lithium projects in South America. To
date, the Company has positioned itself to develop the Aguas
Calientes Norte, Pujsa and Quisquiro Salars in Chile (the Trinity
Project), as well as to work alongside existing producers in the
prolific Atacama Salar, in addition to its recently announced
Laguna Verde lithium project acquisition. The Company continues to
aggressively pursue new acquisitions in the region. Lithium
market dynamics and a rapidly increasing metal price are 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 supply and demand. The
Company also maintains and continues to evaluate a portfolio of
precious and base metal exploration-stage projects.
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 AlphenChief Executive Officer
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 Reform Act of 1995. All
statements, other than statements of historical fact, included
herein including, without limitation, statements regarding the
anticipated results from mineral exploration and development
activities, the anticipated business plans and timing of future
activities of the Company and the Company’s expectation that it
will be able to enter into agreements to acquire interests in
additional mineral properties, 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 exploration 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 and precious metals, changes in general economic
conditions, changes in the financial markets and in the demand and
market price for commodities, 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 necessary permits, consents or authorizations
required, including TSX Venture Exchange's acceptance of any
current or future property acquisitions or financings and other
planned activities, 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 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.
For further information, please contact:
Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: info@wealthminerals.com
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