Scottie Resources plans C$27M raise via dual private placements

Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) announced a brokered private placement of up to 3,448,275 common shares at C$2.90 per share, targeting gross proceeds of up to C$10 million.

Velocity Trade Capital Ltd. is acting as sole bookrunner, with Agentis Capital Markets (AFN Limited Partnership) as co-lead agent. The agents have been granted an option to sell up to 689,655 additional shares at the same price, which could add approximately C$2 million in gross proceeds if exercised in full.

The agents will receive a 6% cash commission on gross proceeds and warrants equal to 6% of shares sold, exercisable at C$2.90 for 24 months after closing. No commission or warrants apply to proceeds of up to C$3 million from a president's list of purchasers.

The company also amended its previously announced non-brokered private placement, originally disclosed Sept. 11, 2026, increasing its size to C$17 million. Combined with the brokered offering, total gross proceeds are expected to reach up to C$27 million, or up to C$29 million if the agents' option is exercised in full.

Proceeds will be used for working capital and general corporate purposes, including technical studies and permitting at the Scottie Gold Mine Project in British Columbia. The brokered offering is expected to close on or about Oct. 7, 2026, subject to TSX Venture Exchange approval. Shares issued will be subject to a four-month hold period.

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