Northwire Canada EditionThursday, November 12, 2026
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Financings

Wealth Minerals Closes First Tranche of Private Placement

By The Northwire Desk — AI Analysis Feb 03, 2026 · 13:30 WML · 0.065 Wealth Minerals Ltd.
WML · Price

Executive Summary

  • Wealth Minerals Ltd. closed the first tranche of its private placement, issuing 12,750,000 units at $0.08 per unit for gross proceeds of $1.020 million.
  • Each unit consists of one common share and one‑half of a common share purchase warrant (exercise price $0.12, expiring 30 Jan 2028).
  • Finder’s fees were paid to three broker‑dealers in cash and additional warrants; the company expects to close the final tranche within the next week.

Key Details

  • Units Issued: 12,750,000 units @ $0.08 per unit.
  • Gross Proceeds: $1,020,000.
  • Unit Composition: 1 common share + ½ common share purchase warrant (exercise price $0.12, expiry 30 Jan 2028).
  • Holding Period: Four months plus one day for all securities issued.
  • Finder’s Fees Paid:
  • Red Cloud Securities Inc.: $1,400 cash + 17,500 warrants.
  • EDE Asset Management Inc.: $32,480 cash + 406,000 warrants.
  • IBK Capital Corp.: $3,360 cash + 42,000 warrants.
  • Final Tranche: Fully subscribed; anticipated closing “within the next week or so.”
  • Regulatory Notice: Securities not registered under U.S. securities laws; not offered to U.S. persons absent exemption.

Notable Quotes

(No direct quotes included in the release.)

Read the original news release →

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