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Scottie Announces Closing of The Third and Final Tranche of Its Previously Announced Non-Brokered Financing

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Scottie Announces Closing of The Third and Final 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 third and final tranche of its previously announced non-brokered private placement financing, through the issuance of 3,417,660 charitable flow-through shares of the Company at a price of $1.23 per Charity FT Share for gross proceeds of $4,203,721.80. 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 Charity FT Shares, and the second tranche of the Offering on August 15, 2025, for aggregate gross proceeds of $3,300,620.40 through the sale of 3,750,705 non-flow through common shares of the Company. To date, the Company has raised aggregate gross proceeds of $15,890,706.10 through the sale of 10,235,842 Charity FT Shares and 3,750,705 Common Shares.

 

Each Charity FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

 

The gross proceeds from the Third Tranche will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Scottie Gold Mine Project in British Columbia. Qualifying Expenditures with respect to the Charity FT Shares with also qualify as “BC flow-through mining expenditures” as such term is defined in the Income Tax Act (British Columbia). All Qualifying Expenditures will be renounced in favour of the subscribers for the Charity FT Shares effective on or before December 31, 2025.

 

In connection with the Third Tranche, the Company paid cash commissions of $172,651.78 to certain finders and issued 159,825 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. In total, the Company paid aggregate cash commissions of $283,135.78 and issued an aggregate of 261,975 Finder’s Warrants under the Offering.

The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in the Third Tranche are subject to a hold period expiring on January 13, 2026, 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 September 15, 2025

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