FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. | Name and Address of Company |
WEALTH MINERALS LTD. (the “Issuer”)
Suite 1901, 1177 West Hastings Street
Vancouver, B.C.
V6E 2K3
Item 2. | Date of Material Change |
July 6, 2006
Item 3. | News Release |
The date of the press release issued pursuant to section 7.1 of National Instrument 51-102 with respect to the material change disclosed in this report is July 6, 2006. The press release was issued in Vancouver, British Columbia through the facilities of the TSX Venture Exchange via CCN Matthews, Canada Stockwatch and Market News Publishing.
Item 4. | Summary of Material Change |
The Issuer has decreased the number of units to be offered pursuant to the non-brokered private placement originally announced on June 22, 2006. The Company will now offer 170,000 units at a price of $1.75 per Unit to raise total gross proceeds of up to $297,500.
Item 5. | Full Description of Material Change |
The Issuer has decreased the number of units to be offered pursuant to the non brokered private placement originally announced on June 22, 2006. As a consequence, the Issuer will now offer 170,000 units (the “Units”) (a decrease 300,000 Units), at a price of $1.75 per Unit to raise total gross proceeds of up to $297,500 (the “Offering”). Each Unit will consist of one common share of the Issuer (“Share”) and one-half of a transferable common share purchase warrant. Each full warrant (the “Warrant”) will be exercisable to acquire one additional Share for a period of 18 months following closing at an exercise price of $2.25. All remaining terms and conditions are unchanged from the original release.
This material change report does not constitute an offer to sell, or a solicitation of an offer to buy, any of the foregoing securities in the United States. None of the foregoing securities have been and, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Item 6. | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
Not applicable
Item 7. | Omitted Information |
No information has been omitted on the basis that it is confidential.
Item 8. | Senior Officer |
The following senior officer of the Issuer is knowledgeable about the material change disclosed in this report.
Jerry Pogue, Acting President
Business Telephone No.: (604) 331-0096
Item 9. | Date of Report |
July 6, 2006
