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SCOTTIE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT
SCOTTIE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT Canada NewsWire ...
About this update from Scottie Resources Corp.
[{"type":"text","content":"\n \n \n \n SCOTTIE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR\n \n DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 22, 2022\n \n \n /CNW/ -\n \n Scottie Resources Corp\n \n . (TSXV: SCOT) (\"\n \n Scottie\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced brokered private placement financing pursuant to an agency agreement dated\n \n April 22, 2022\n \n (the \"\n \n Agency Agreement\n \n \") with Cormark Securities Inc. (\"\n \n Cormark\n \n \") and Research Capital Corporation (\"\n \n RCC\n \n \", together with Cormark, the \"\n \n Agents\n \n \"), raising aggregate gross proceeds of\n \n C$5,008,000\n \n (the \"\n \n Offering\n \n \"). Cormark acted as lead agent pursuant to the terms of the Offering, under which the Company issued 10,000,000 flow-through common shares of the Company (the \"\n \n Premium FT Shares\n \n \") at a price of\n \n C$0.30\n \n per Premium FT Share; 4,000,000 flow-through common shares of the Company (the \"\n \n Traditional FT Shares\n \n \", together with the Premium FT Shares, the \"\n \n FT Shares\n \n \") at a price of\n \n C$0.25\n \n per Traditional FT Share; and 4,800,000 non-flow-through common shares of the Company (the \"\n \n HD Shares\n \n \") at a price of\n \n C$0.21\n \n per HD Share.\n \n \n \n \n \n \n \n \n \n Pursuant to the Agency Agreement, the Agents received a cash commission of\n \n $300,480\n \n , representing 6.0% of the gross proceeds raised under the Offering, and were issued 1,128,000 broker warrants (\"\n \n Broker Warrants\n \n \"), representing 6.0% of the number of FT Shares and HD Shares issued under the Offering. Each Brok...