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4/15/16

Henk van Alphen seems legit

These guys are the funniest ever. Here's your Friday evening jewel of a NR:

VANCOUVER , April 15, 2016 /CNW/ - Wealth Minerals Ltd. (the "Company" or "Wealth") - (TSXV: WML; Frankfurt: EJZ), announces that, on April 14, 2016 , it closed the settlement of $687,000.00 in debt related to certain accounts payable to Cardero Resource Corp. and a portion of the principal sum of certain outstanding loans originally made to the Company in 2011.  The Company issued 2,000,000 common shares at a deemed price of $0.21 in settlement of such debt. Continues here

So Cardero, the Henk van Ripoff mothership company, gets 2m shares to pay off a debt that it didn't even need to rack up (share office space, shared coffee machine, that kinda silliness) priced at 21c, while Wealth Minerals (WML.v) shares closed this Friday at 67c.

And people think Trevali (TV.to) is a serious company.