Scotch Creek increases financing, grants options

Executive Summary

• Scotch Creek Ventures Inc. has amended its previously disclosed private placement, increasing the offering size to up to 12 million units at $0.05 per unit, raising up to $600,000 in gross proceeds.
• The company simultaneously granted 1.7 million stock options to directors, officers, and consultants, exercisable at $0.05 per share.
• The private placement units include one common share and one warrant per unit, with warrants exercisable at $0.075 per share for two years.

Key Details

• Private Placement Amendment:
  • Units Offered: Up to 12,000,000 units.
  • Price Per Unit: $0.05.
  • Gross Proceeds: Up to $600,000.
  • Use of Proceeds: General corporate purposes.
• Warrant Terms:
  • Each unit includes one share purchase warrant.
  • Exercise Price: $0.075 per share.
  • Term: Two years from the date of issue.
  • Underlying Security: One additional common share per warrant.
• Stock Option Grants:
  • Total Options Granted: 1,700,000.
  • Recipients: Certain directors, officers, and consultants.
  • Exercise Price: $0.05 per share.
  • Vesting: In accordance with the company's stock option plan.
• Previous Disclosure Reference: The private placement was previously disclosed on September 16, 2025.