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

Core Points - Scottie Resources Corp. has successfully closed the second tranche of its non-brokered private placement financing, raising gross proceeds of $3,300,620.40 through the issuance of 3,750,705 common shares at a price of $0.88 per share [1][2] - The total gross proceeds raised from the first two tranches of the offering amount to $11,686,984.30, with the first tranche having closed on August 11, 2025, for $8,386,363.86 [1][2] - The net proceeds from the sale of common shares will be allocated for development activities, study work, permitting activities, and general corporate purposes [2] Financial Details - In connection with the second tranche, the company paid cash commissions of $110,484 to finders and issued 102,150 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $0.88 for 24 months [3] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued in the second tranche under a hold period expiring on December 16, 2025 [4] Company Overview - Scottie Resources Corp. owns a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine, as well as the Georgia Project and other properties, totaling approximately 58,500 hectares in the Stewart Mining Camp of the Golden Triangle [5][6] - The company's focus is on expanding known mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin DSO product [6]