Celtic Minerals Ltd. announces that they have signed a Letter of Intent with Nutri FX Plant Nutrients
TORONTO, Aug. 15, 2013 /CNW/ - Celtic Minerals Ltd. ("Celtic" or the "Corporation") announced today that it has entered into a non-binding Letter of Intent with NUTRI FX PLANT NUTRIENTS. Over the next 30 days both parties will endeavour to reach a definitive agreement. An AGM/Special Meeting will follow shortly thereafter for a shareholder vote. The meeting date will be in October 15, 2013. Celtic Minerals will be seeking regulatory approvals prior to the closing of this transaction.
Celtic will issue to Nutri FX, 40 million shares on a post rollback. In exchange Nutri FX has agreed to roll all their patent pending assets into Celtic Minerals.
Nutri FX Plant Nutrients is a leader in time release nutrients to plants and vegetable plants. The company's patent pending technology has produced tremendous results in independent laboratory tests. A formal presentation is expected to be made to shareholders before AGM.
According to Mr. David Grand, President and CEO,"The home and garden market is a multibillion dollar industry. Nutri FX Plant Nutrient's technology and products are cutting edge, environmentally safe, green with spectacular results. After spending countless months the board of Celtic Minerals is extremely pleased."
SOURCE Celtic Minerals Ltd.For further information:
David Grand, President and Chief Executive Officer
Celtic Minerals Ltd.
Phone: (416) 561-1007
Fax: 1 (888) 678-7396