Original News Release
Scotch Creek arranges $600,000 private placement
Mr. David Ryan reports
SCOTCH CREEK VENTURES ANNOUNCES PRIVATE PLACEMENT
Scotch Creek Ventures Inc. has arranged a private placement financing of up to 12 million units at five cents per unit for gross proceeds of up to $600,000.
Each unit consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder to purchase one additional share of the company at an exercise price of 7.5 cents per share for a period of 24 months from the date of issuance. The company will provide an updating news release if finders' fees are payable.
The net proceeds of the offering are intended to be used for retiring indebtedness and working capital purposes.
About Scotch Creek Ventures Inc.
Scotch Creek is a mineral exploration company, focused on the acquisition, exploration and development of lithium projects located in Tier 1 North American mining jurisdictions. Scotch Creek's mission is to become a best-in-class lithium exploration company situated in one of the most promising lithium districts in the world, Clayton Valley, Nevada.
We seek Safe Harbor.
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