Celtic seeks #17m for mining project

Irish exploration firm Celtic Resources will seek additional funding of $15 million (#17

Irish exploration firm Celtic Resources will seek additional funding of $15 million (#17.3 million) to back its mining activities in the former Soviet Union before the end of this year, chairman and chief executive Mr Kevin Foo said yesterday. While much of the money will be used to support existing oil and gold exploration in the region, Mr Foo said Celtic would also look to become involved in new interests. The funding will coincide with a full listing on the London Stock Exchange.