Core Points - Scottie Resources Corp. has successfully closed a non-brokered private placement financing, issuing 11,327,420 charitable flow-through shares at a price of $2.14 per share, resulting in gross proceeds of $24,240,678.80 [1][3] - Ocean Partners UK Limited led the offering with an investment of approximately $5 million, contributing to a total of $6,903,224.84 in charitable flow-through funding [1][6] - The proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3] Financial Details - The cash commissions paid to finders in connection with the offering amounted to $153,450, along with the issuance of 99,000 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $1.76 for 24 months [4] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued being subject to a hold period expiring on April 4, 2026 [5] Shareholder Information - Following the investment, Ocean Partners' ownership increased from approximately 10.87% to 13.51% of the company's issued and outstanding common shares [6] - The investment by Ocean Partners is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [9] - The company also owns the Georgia Project and the Cambria Project properties, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp within the Golden Triangle of British Columbia [10][11]

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].