Scottie Resources closes $15.89-million financing

Executive Summary

• Scottie Resources Corp. closed the third and final tranche of its previously announced non‑brokered private placement, issuing 3,417,660 charitable flow‑through (FT) shares at $1.23 each for gross proceeds of $4,203,721.80.
• Total capital raised to date from all tranches now equals $15,890,706.10, comprising 10,235,842 charity FT shares and 3,750,705 common shares.
• Proceeds will be used for eligible Canadian exploration expenses on the Scottie gold mine project; finders’ commissions of $172,651.78 were paid and 159,825 non‑transferable finders’ warrants (exercise price $0.88) were issued.

Key Details

• Third Tranche Structure:
• 3,417,660 charitable FT shares @ $1.23 per share → $4,203,721.80 gross proceeds.
• Cumulative Financing Summary:
• First tranche (Aug 11 2025): 6,818,182 charity FT shares → $8,386,363.86.
• Second tranche (Aug 15 2025): 3,750,705 non‑flow‑through common shares → $3,300,620.40.
• Third tranche (current): 3,417,660 charity FT shares → $4,203,721.80.
• Total raised: $15,890,706.10 from 10,235,842 charity FT shares and 3,750,705 common shares.
• Use of Proceeds:
• To incur eligible Canadian exploration expenses qualifying as flow‑through mining expenditures for the Scottie gold mine project in British Columbia.
• All qualifying expenditures will be renounced to subscribers by Dec 31 2025.
• Finder Compensation & Warrants:
• Cash commissions paid: $172,651.78 (current tranche) – total cash commissions to date $283,135.78.
• Finders’ warrants issued: 159,825 for the third tranche; cumulative 261,975 warrants.
• Each warrant allows purchase of one common share at $0.88 per share for 24 months from issuance.
• Securities Restrictions:
• Offering subject to final acceptance by the TSX Venture Exchange.
• All securities issued in the third tranche have a hold period expiring Jan 13 2026, plus any other applicable legal restrictions.

Notable Quotes

(No executive quotes were included in the release.)