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Gold/Mining/Energy : Western Keltic Mines Inc. (WKM.VSE)
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To: Buckey who started this subject9/26/2001 8:29:17 AM
From: Buckey   of 157
 
Western Keltic to acquire Sault Dam property interest

Western Keltic Mines Inc WKM
Shares issued 11,044,858 Sep 24 close $0.06
Tue 25 Sept 2001 Property Agreement
The Canadian Venture Exchange has been advised of an option agreement dated
Aug. 22, 2001, between the company and Billiton E & D 3 BV (a wholly owned
subsidiary of Billiton Resources Canada Inc., the optionor), whereby the
company will have the right and option to earn a 70-per-cent interest in
the Sault Dam property (the property) located 25 kilometres from Sault Ste.
Marie, Ont.
This transaction was disclosed in the company's news release dated May 8,
2001.
The consideration for the option payable by the company to the optionor is
the company must expend $1.75-million on the property over a four-year
period and the issuance of 250,000 units of the company (each unit consists
of a common share of the company and a two-year share purchase warrant
exercisable at 40 cents per share).
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch
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