Scottie Announces $23.5 Million Non-Brokered Financing

Executive Summary

• Scottie Resources Corp. announced a non‑brokered private placement of up to 10,981,308 charitable flow‑through shares at $2.14 per share, targeting gross proceeds of up to $23.5 million.
• Proceeds will be used for eligible Canadian exploration expenses on the Scottie Gold Mine Project, including diamond drilling and field work in the 2026 season.
• The offering includes potential cash finder's fees and warrants for introducers, is subject to a four‑month statutory hold period, and requires TSX Venture Exchange approval.

Key Details

• Offering Size: Up to 10,981,308 charitable flow‑through (FT) shares.
• Price per Share: $2.14 CAD.
• Maximum Gross Proceeds: $23,500,000 CAD.
• Use of Proceeds: Eligible Canadian exploration expenses (“flow‑through mining expenditures”) for the Scottie Gold Mine Project – primarily diamond drilling and related field work during the 2026 field season.
• Tax Treatment: Each share qualifies as a flow‑through share under subsection 66(15) of the Income Tax Act (Canada); associated expenditures will be renounced to subscribers by Dec 31, 2025.
• Finders’ Fees & Warrants: Arm’s‑length parties may receive cash finder's fees and/or warrants for securities sold to introduced investors; all such issuances require TSX Venture Exchange approval.
• Related Party Participation: Insiders may acquire shares under the offering as a “related party transaction” exempt from formal valuation and minority shareholder approval per MI 61‑101.
• Hold Period: Securities issued are subject to a statutory four‑month hold period.
• Regulatory Conditions: Offering is contingent upon TSX Venture Exchange and other regulatory approvals.

Notable Quotes

(No executive quotes were included in the release.)