Scotch Creek arranges $300,000 private placement

Executive Summary

• Scotch Creek Ventures Inc. has arranged a private placement financing of up to 6,000,000 units at a price of $0.05 per unit, raising gross proceeds of up to $300,000.
• Each unit comprises one common share and one share purchase warrant, with warrants exercisable at $0.05 per share for a period of two years.
• The net proceeds from the offering are designated for general corporate purposes.

Key Details

• Transaction Type: Private Placement Financing
• Units Offered: Up to 6,000,000 units
• Price Per Unit: $0.05
• Gross Proceeds: Up to $300,000
• Unit Composition: Each unit consists of one common share and one share purchase warrant.
• Warrant Terms:
  • Quantity: One warrant per unit.
  • Exercise Price: $0.05 per share.
  • Duration: Two years from the date of issue.
  • Right: Entitles the holder to purchase one additional common share.
• Use of Proceeds: General corporate purposes.

Notable Quotes

• None provided in the text.