Business
Scottie Resources Announces up to $3.5 Million Private Placement
Scottie Resources Announces up to $3.5 Million Private Placement Canada NewsWire ...
About this update from Scottie Resources Corp.
[{"type":"text","content":"\n \n \n \n Scottie Resources Announces up to $3.5 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 \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, 2023\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 of securities to raise total gross proceeds up to\n \n $3,500,000\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n The Offering will be comprised of a combination of: (i) non-flow-through units (the \"\n \n NFT\n \n \n Units\n \n \") to be sold at a price of\n \n $0.23\n \n per NFT Unit for aggregate gross proceeds of up to\n \n $1,500,000\n \n (the \"\n \n NFT Offering\n \n \"); and (ii) flow-through units (the \"\n \n Charity FT\n \n \n Units\n \n \") to be sold at a price of\n \n $0.33\n \n per Charity FT Unit for aggregate gross proceeds of up to\n \n $2,000,000\n \n (the \"\n \n Charity FT Offering\n \n \"). Each NFT Unit will be comprised of one common share in the capital of the Company (a \"\n \n Common\n \n \n Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Charity FT Unit will be comprised of one Common Share that will qualify as a \"flow-through share\" within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Tax Act\n \n \") and one-half of one Warrant. The Warrants for all units will be subject to the same terms, with each Warrant entitling the holder thereof to purchase one Common Share (a \"\n \n Warrant Share\n \n \") for a period of two (2) years from the date of issuance at an exercise price of\n \n $0.35\n \n per Warrant Share.\n \n \n The Company intends to use the gross proceeds raised from the Charity FT Offering for exploration and related ...