Scottie Announces Closing of The Third and Final Tranche of Its Previously Announced Non-Brokered Financing

Core Viewpoint - Scottie Resources Corp. has successfully closed the third and final tranche of its non-brokered private placement financing, raising a total of $15,890,706.10 through the issuance of flow-through shares and common shares [1][3]. Financing Details - The third tranche involved the issuance of 3,417,660 Charity flow-through shares at a price of $1.23 per share, generating gross proceeds of $4,203,721.80 [1]. - The first tranche closed on August 11, 2025, raising $8,386,363.86 from 6,818,182 Charity flow-through shares, while the second tranche closed on August 15, 2025, raising $3,300,620.40 from 3,750,705 common shares [1]. Use of Proceeds - Proceeds from the third tranche will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project, qualifying as flow-through mining expenditures under Canadian tax law [3]. Commissions and Warrants - In connection with the third tranche, the company paid cash commissions totaling $172,651.78 and issued 159,825 non-transferable finder's warrants, which allow the purchase of common shares at an exercise price of $0.88 for 24 months [4]. - Overall, the company has paid aggregate cash commissions of $283,135.78 and issued a total of 261,975 finder's warrants under the entire offering [4]. Company Overview - Scottie Resources Corp. owns 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 [6][9]. - The company's strategy focuses on expanding known mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin direct shipping ore product [7].