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Scottie Announces Closing of the Second Tranche of Its Previously Announced Non-Brokered Financing

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Scottie Announces Closing of the Second Tranche of Its Previously Announced Non-Brokered Financing

 

 

 

 

 

Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR80) is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement financing, through the issuance of 3,750,705 non-flow through common shares of the Company sold at a price of $0.88 per Common Share for gross proceeds of $3,300,620.40. The Company previously closed the first tranche of the Offering on August 11, 2025, for aggregate gross proceeds of $8,386,363.86 through the sale of 6,818,182 charitable flow-through shares of the Company. To date, the Company has raised aggregate gross proceeds of $11,686,984.30 under the first two tranches of the Offering.

 

The net proceeds from the sale of the Common Shares will be used for development activities, study work, permitting activities, and for working capital and general corporate purposes.

 

In connection with the Second Tranche, the Company paid cash commissions of $110,484 to certain finders and issued 102,150 non-transferable finder’s warrants. Each Finder’s Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.88 per Common Share for a period of 24 months from the date of issuance.

 

The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in the Second Tranche are subject to a hold period expiring on December 16, 2025, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

 

ABOUT SCOTTIE RESOURCES CORP.

 

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.

 

The Company’s focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of producing a high-margin DSO product.

 

All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts.

 

Posted August 17, 2025

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