Scottie Announces $23.5 Million Non-Brokered Financing
Newsfile·2025-11-17 12:30

Core Viewpoint - Scottie Resources Corp. is initiating a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares at a price of $2.14 per share, aiming to raise gross proceeds of up to $23,500,000 to fund exploration activities at the Scottie Gold Mine Project in British Columbia [1][2]. Group 1: Offering Details - The offering consists of charitable flow-through shares that will be used to incur eligible Canadian exploration expenses related to the Scottie Gold Mine Project [2]. - The funds raised will support diamond drilling and field work during the 2026 field season [2]. - The offering is subject to regulatory approval, including that of the TSX Venture Exchange [5]. Group 2: Company Background - 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 [7]. - The company also holds interests in the Georgia Project and other properties, totaling approximately 58,500 hectares in the Stewart Mining Camp within the Golden Triangle of British Columbia [7][8]. - The focus of the company is on expanding known mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin DSO product [8].