VANCOUVER, July 13, 2015 /CNW/ - Wealth Minerals Ltd. ("Wealth" or the "Company") - (TSXV: WML; Frankfurt: EJZ; SSE: WMLCL), announces that, effective July 9, 2015, the common shares of the Company were listed and posted for trading on the Venture del Mercado de Valores Extranjeros de la Bolsa de Comercio de Santiago (the Venture Board of the Foreign Securities Market of the Santiago Stock Exchange) (SSE). The Company's common shares will trade on the SSE in Chilean pesos under the symbol "WMLCL".
The listing of the Company's common shares on the SSE will allow Wealth to connect to the investment communities in Chile, Peru, Mexico and Colombia through the Latin American Integrated Market (MILA), a program that integrates the capital markets of these countries.
The Company believes that the listing on the SSE, and thereby the access to the investment communities in Chile, Peru, Mexico and Columbia through the MILA, Latin America's largest stock trading platform, is particularly relevant to the Company as management has a long and very successful history of operations in Peru and Mexico and will enhance the interaction with investors in South America. In addition, the Company anticipates that the planned acquisition (presently underway) of the Yanamina Gold Project in Peru (through the acquisition of Coronet Metals Peru S.A.C.) will be of particular interest to the investment communities in these countries and to the investors there who wish to participate in the growth of Wealth.
The listing on the SSE results from an agreement entered into last year with the TSX Venture Exchange ("TSXV") allowing issuers listed on the TSXV to apply for a dual listing on the SSE, providing access to investors and new funding opportunities in Latin American capital markets. The MILA integrated platform allows investors in these four countries, Chile, Peru, Mexico and Columbia, to seamlessly trade shares listed on any of the four markets through their local broker and stock exchange. The Company's common shares are also currently listed on the Frankfurt Stock Exchange under the symbol EJZ.
ABOUT WEALTH MINERALS LTD.
Wealth is an early stage mineral exploration company with listings on the TSX Venture, Santiago and Frankfurt Stock Exchanges. The planned acquisition of the Yanamina Gold Project is consistent with Wealth's project acquisition policy requiring stable geopolitical project locations, low exploration risk, attractive grade, and potentially low capital requirements. While Wealth is not a development company, management insist on reasonable potential for near-term production. The Company intends to negotiate partnerships that will open up potential project developments routes.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
"Hendrik Van Alphen"
Hendrik Van Alphen, President & Chief 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 press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed acquisition by the Company of Coronet Peru, and thereby the Yanamina Gold Project; the proposed closing of the purchase of Coronet Peru under the share purchase agreement; the completion of the acquisition of Coronet Peru and thereby Yanamina by the Company; the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, 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, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to meet the conditions precedent to close the purchase of Coronet Peru and thereby Yanamina, or to close the transaction even if conditions are satisfied; the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, 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.
SOURCE Wealth Minerals Limited
For further information: Henk Van Alphen or Marla Ritchie, 604-331-0096 Ext. 3886 or 604-638-3886, [email protected]