Western Keltic Mines Inc.
TSX VENTURE : WKM

Western Keltic Mines Inc.

September 21, 2005 19:17 ET

Western Keltic Announces $1.2 Million Non-Brokered Private Placement to Fund Ongoing Exploration at the Kutcho Creek Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2005) - Western Keltic Mines Inc. (TSX VENTURE:WKM) is pleased to announce a non-brokered private placement financing of up to four million flow-through units at $0.25 per unit and one million non flow-through units at $0.20 per unit, subject to regulatory approvals.

Each flow-through unit consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to buy one additional common share at $0.30 for a period of one year from closing.

Each non flow-through unit consists of one common share and one half of one common share purchase warrant with each whole warrant entitling the holder to buy one additional common share at $0.25 for a period of one year from closing.

All securities sold under this placement will be subject to a four month hold period. The warrants are non transferable and non flow-through. Finders fees will be payable to certain parties. Board and management of Western Keltic will be participating in the financing.

The Company's principal asset is its 100% owned Kutcho Creek massive sulphide project located approximately 100 km east of Dease Lake, British Columbia. Proceeds from this financing will be used to continue exploration and in-fill drilling, metallurgy, environmental assessment and permitting costs on the Kutcho Creek project and for working capital.

On behalf of the Board of Directors Western Keltic Mines Inc.

Brian Butterworth, Executive Vice President


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Western Keltic Mines Inc.
    Brian Butterworth
    Executive Vice President
    (604) 682-8414 or 1-800-501-1201
    (604) 682-3727 (FAX)
    www.keltic.com