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Scottie Resources Announces $2.3 Million Private Placement
Scottie Resources Announces $2.3 Million Private Placement Canada NewsWire ...
About this update from Scottie Resources Corp.
[{"type":"text","content":"\n \n \n \n Scottie Resources Announces $2.3 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 \n /Not for distribution to\n \n United States\n \n newswire services or for dissemination in\n \n the United States\n \n /\n \n \n \n \n \n VANCOUVER BC\n \n \n ,\n \n \n Sept. 8, 2022\n \n \n /CNW/ -\n \n Scottie Resources Corp.\n \n (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8)\n \n (\"Scottie\"\n \n or the\n \n \"Company\")\n \n is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") of up to\n \n $2,300,000\n \n consisting of 13,529,411 units (the \"\n \n Units\n \n \") at a price of\n \n $0.17\n \n per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder to purchase one common share at a price of\n \n $0.25\n \n for a period expiring two years following the closing date of the Offering. If the closing price of the Company's common shares is at a price equal to or greater than\n \n $0.32\n \n for a period of 10 consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date notice is provided by the Company to the Warrant holders.\n \n \n \n \n \n \n \n \n \n Finder's fees may be payable to parties at arm's length to Scottie that have introduced the Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used for exploration on the Company's mineral properties, working capital, and general corporate purposes. The Offering is subject to acceptance of the TSX Venture Exchange.\n \n \n All securities issued in Offering will be subject to a resale restriction in accordance with applicable securities laws.\n \n \n Scottie also wishes to report the granting of an aggregate of 2,354,000 stock options to certain directors, officers,...