Western Keltic Mines Inc. (WKM.VSE) Message Board

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Gold/Mining/Energy : Western Keltic Mines Inc. (WKM.VSE)

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To: Buckey who wrote (90)	5/4/2000 11:03:00 PM
From: Thomas Kelly	Read Replies (1) of 157

Noticed this news release (re private placement)on the web-site, dated May 3 (Wednesday) Private Placement ð Options Set Western Keltic Mines Inc. (WKM-CDNX) wishes to announce it has arranged a non brokered private placement of 500,000 units at $0.23 per share for proceeds of $115,000. Each unit will consist of one share and one half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional share for a period of one year for $0.26. There is no finders fee payable with respect to this private placement. Funds will be applied to general working capital. The company has also granted 449,000 employee and director common share purchase options exercisable at $0.20 per common share until May 3, 2005. For further information please call Donald McInnes at 1-800-501-1201 or 604-682-8414 or by fax at 604-682-3727 or by email at keltic@keltic.com or visit the award winning Western Keltic website at keltic.com On behalf of the Board of Directors "Donald McInnes" Donald McInnes, President

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