Celtic increases gold stake

CELTIC Resources has increased its stake in the Nazhdaninskoye gold project in Russia from 45 per cent to 50 per cent

CELTIC Resources has increased its stake in the Nazhdaninskoye gold project in Russia from 45 per cent to 50 per cent. Celtic has paid for the additional stake by issuing one million new shares at 40p. Celtic has also announced that Yorkton Securities is to act as the group's sponsoring broker for its listing on the Vancouver Stock Exchange.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective