This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Cardero increases investment in Wealth to 7.02% 2009-10-26 16:37 ET - News Release Also News Release (C-WML) Wealth Minerals Ltd
Mr. Hendrik van Alphen reports CARDERO COMPLETES $1,000,000 INVESTMENT IN WEALTH MINERALS LTD.
Cardero Resource Corp. has completed a $1-million investment in Wealth Minerals Ltd. of Vancouver, B.C.
Wealth is an early-stage mineral exploration company with approximately 37.7 million shares issued and listings on the TSX Venture Exchange and the Frankfurt Stock Exchange. Wealth's focus is the acquisition and exploration of prospective uranium properties, primarily in Argentina and Peru. In addition to continuing work programs on its existing properties, it continues to actively evaluate new potential uranium projects in these and other countries. Wealth recently completed a $1,406,980.26 financing, consisting of 3,349,953 units at a price of 42 cents per unit. Each unit consisted of one common share and one transferable common share purchase warrant, with each warrant being exercisable to acquire one additional common share until Oct. 23, 2011, at an exercise price of 60 cents. Cardero purchased 2,380,953 of the units at a cost of $1-million.
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