Oct 20 (Reuters) - Wealth Minerals Ltd WML.V :
* Wealth arranges $4.125 million non-brokered private placement
* Non-Brokered private placement of up to 3.75 million shares of company at a price of $1.10 per share
* Proceeds from placement to be used to fund initial option payment on atacama lithium project
* Wealth Minerals - proceeds to be used to fund costs for review of additional potential lithium mineral property acquisitions in South America
* Wealth Minerals - continues to assess additional potential lithium mineral property acquisitions in south america on which co is actively negotiating Source text for Eikon: Further company coverage: WML.V