Scottie Resources undertakes private offering to raise up to C$2.3M

Sep. 09, 2022 5:32 AM ETScottie Resources Corp. (SCTSF), SCOT:CABy: Ravikash, SA News Editor

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  • Scottie Resources (OTCQB:SCTSF) said it was undertaking a non-brokered private placement of up to C$2.3M.
  • The offering consists of ~13.53M units at C$0.17 per unit.
  • Each unit consists of one common share one warrant to buy one common stock at C$0.25.
  • The company said it intends to use the proceeds for exploration on its mineral properties, working capital, and general corporate purposes.
  • The offering is subject to acceptance of the TSX Venture Exchange.
  • Scottie added that it has granted a total of ~2.35M stock options to certain directors, officers, and consultants to the company at an exercise price of C$0.18 per option, expiring five years from the date of issuance.

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