Aug 8 (Reuters) - Wealth Minerals Ltd WML.V :
* WEALTH ARRANGES $1.2M NON-BROKERED PRIVATE PLACEMENT
* WEALTH MINERALS LTD - ARRANGED A NON-BROKERED PRIVATE PLACEMENT OF UP TO 3.5 MILLION UNITS AT A PRICE OF $0.35 PER UNIT
* WEALTH MINERALS LTD - NET PROCEEDS FROM OFFERING ARE INTENDED TO BE USED TO FUND EXPLORATION AND DEVELOPMENT OF WEALTH'S ATACAMA PROJECT