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Scottie Resources Corp (2)
Symbol SCOT
Shares Issued 64,197,500
Close 2025-11-17 C$ 1.58
Market Cap C$ 101,432,050
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Scottie arranges $23.5-million private placement

2025-11-17 17:20 ET - News Release

Mr. Brad Rourke reports

SCOTTIE ANNOUNCES $23.5 MILLION NON-BROKERED FINANCING

Scottie Resources Corp. has arranged a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares of the company (charity FT shares) at a price of $2.14 per charity FT share for gross proceeds of up to $23.5-million. 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 issue and sale of the charity FT shares 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 tax act related to the Scottie gold mine project in British Columbia. Qualifying expenditures with respect to the charity FT shares with also qualify as B.C. 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 Dec. 31, 2025. The funds will be used to advance the Scottie gold mine project with diamond drilling and field work during the 2026 field season.

In connection with the offering, the company may engage certain arm's-length parties who may receive a cash finder's fee payment and/or warrants to purchase common shares in the capital of the company in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder's fee payment and/or warrants will be subject to the approval of, and will be issued in accordance with, the rules of the TSX Venture Exchange.

Insiders of the company may acquire securities under the offering, which will be considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The securities issued pursuant to the offering will be subject to a statutory four-month hold period. The offering is subject to regulatory approval, including the approval of the TSX-V.

About Scottie Resources Corp.

Scottie owns a 100-per-cent 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-per-cent 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.

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