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Financings

Scotch Creek closes $130,000 first tranche of financing

By The Northwire Desk — AI Analysis Mar 24, 2026 · 17:02 SCV · 0.05 Scotch Creek Ventures Inc
SCV · Price

Executive Summary

  • Scotch Creek Ventures closed the first tranche of its private placement, issuing 2.6 million units at $0.05 per unit for gross proceeds of $130,000.
  • Each unit includes one common share and half of a share purchase warrant (full warrant allows purchase of one additional share at $0.075 for 24 months).
  • The closing date for the final tranche has been extended to April 15, 2026; net proceeds will be used to retire indebtedness and fund working capital.

Key Details

  • Units Issued: 2,600,000 units (first tranche)
  • Price per Unit: $0.05
  • Gross Proceeds: $130,000
  • Unit Composition: 1 common share + ½ share purchase warrant; a full warrant permits purchase of one additional share at $0.075 per share.
  • Warrant Term: exercisable for 24 months from issuance date.
  • Use of Net Proceeds: repayment of existing debt and general working capital needs.
  • Final Tranche Closing Extension: New deadline – April 15, 2026 (originally earlier).

Notable Quotes

(No executive quotes provided in the release.)

Read the original news release →

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