VICTORIA, BC, May 1, 2012 /CNW/ - Celtic Minerals Ltd. ("Celtic" or the "Corporation") announces that further to it's press release of April 5, 2012, it has re-priced the previously issued stock options to purchase up to 3,494,463 common shares of the Corporation to certain officers and directors of the Corporation or its subsidiaries and stock options to purchase up to 100,000 common shares of the Corporation to employees and consultants of the Corporation. The options have an exercise price of $0.05 per common share and expire on April 11, 2017.
The Corporation also announces that the annual audited financial statements, annual management discussion and analysis, and certification of annual filings for the year ended December 31, 2011 were filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") on April 30, 2012.
Additional information regarding Celtic Minerals Ltd. is available on the company's website at www.celticminerals.com.
For further information:
David Grand, Interim President and Chief Executive Officer
Celtic Minerals Ltd.
Phone: (416) 561-1007
Fax: 1 (888) 678-7396