New Issue: Celtic Minerals wraps private placement of shares for C$1.06 million

By Sheri Kasprzak

Atlanta, Jan. 10 - Celtic Minerals Ltd. closed a C$1,056,870 private placement.

The company sold 3,255,000 units at C$0.20 each and 1,844,864 flow-through common shares at C$0.22 each.

The units include one share and one warrant.

The warrants allow for an additional share at C$0.30.

Celtic, based in Calgary, Alta., is a mineral development and exploration company. It plans to use the proceeds from the offering for exploration projects in Papua New Guinea and Newfoundland.

Issuer:	Celtic Minerals Ltd.
Issue:	Flow-through shares and units of one share and one warrant
Amount:	C$1,056,870
Settlement date:	Jan. 10
Stock price:	C$0.20 at close Jan. 7
Flow-through shares
Issue:	Flow-through common shares
Shares:	1,844,864
Price:	C$0.22
Warrants:	No
Units
Issue:	Units of one share and one warrant
Units:	3,255,000
Price:	C$0.20
Warrants:	One warrant per unit
Warrant strike price:	C$0.30

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