Scottie Resources closes final tranche of private placement

Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) has closed the second and final tranche of its non-brokered private placement, issuing 823,369 shares at prices of C$2.90 per common share and C$3.10 per flow-through share, raising gross proceeds of C$2,413,443.90.

The second tranche included 128,369 flow-through shares. The company paid C$103,530.00 in cash finder's fees and issued 35,700 finder's warrants, each exercisable at C$2.90 per share for 24 months, expiring October 22, 2028.

In total, the non-brokered offering raised C$14,921,111.80 through the issuance of 322,581 flow-through shares and 4,800,383 common shares. Combined with a brokered offering that closed October 9, 2026, the two offerings issued an aggregate of 8,183,239 common shares and raised C$23,795,909.30 in gross proceeds. The non-brokered offering remains subject to final acceptance from the TSX Venture Exchange.

Proceeds from the common shares will be used for working capital and general corporate purposes, including technical studies and permitting at the Scottie Gold Mine Project. Proceeds from the flow-through shares will fund eligible Canadian exploration expenses at the same project, with qualifying expenditures to be renounced to subscribers on or before December 31, 2026.

All offered shares are subject to a statutory hold period expiring February 23, 2027. The offering involved 24,175 flow-through shares issued to related parties of the company, constituting related party transactions under Multilateral Instrument 61-101, though the company stated it qualifies for exemptions from formal valuation and minority shareholder approval requirements.

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