Scottie Announces Closing of the First Tranche of Its Previously Announced Non-Brokered Financing

Core Viewpoint - Scottie Resources Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising approximately $8.39 million through the issuance of 6,818,182 charitable flow-through shares at a price of $1.23 per share [1][3]. Financing Details - The first tranche generated gross proceeds of $8,386,363.86, with Ocean Partners UK Limited providing a lead order of $6 million [1][5]. - The proceeds will be utilized for eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3]. Shareholder Information - Following the investment, Ocean Partners beneficially owns 6,818,182 common shares, representing approximately 12.01% of the total issued and outstanding shares of the company [5][6]. Regulatory Compliance - The offering is subject to final acceptance from the TSX Venture Exchange, and all securities issued are under a hold period expiring on December 12, 2025 [4]. Offtake Agreement - Scottie Resources has entered into an offtake agreement with Ocean Partners for 100% of the production from the Scottie Gold Mine Project for the first eight years of commercial production [7]. Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property and other projects in the Stewart Mining Camp, covering approximately 58,500 hectares in the Golden Triangle of British Columbia, a region known for its mineral wealth [8][9][10].