Scottie Resources Corp. (TSXV: SCOT | OTCQB: SCTSF | FSE: SR80) has closed its brokered private placement and an initial tranche of its non-brokered private placement, raising aggregate gross proceeds of C$21,382,465.40. A total of 7,359,870 shares were issued, including flow-through shares priced at C$3.10 each, with standard common shares offered at C$2.90. Proceeds will support technical studies, permitting, and Canadian exploration expenditures at the company's Scottie Gold Mine Project in British Columbia's Golden Triangle.

Key Points

  • Scottie Resources Corp. (TSXV: SCOT | OTCQB: SCTSF | FSE: SR80)
  • Brokered and initial non-brokered private placement tranches closed October 9, 2026, raising C$21,382,465.40 gross
  • 7,359,870 shares issued at C$2.90 (common) and C$3.10 (flow-through); statutory hold period expires February 10, 2027
  • A second and final non-brokered tranche of approximately C$2,600,000 is expected to close on or about October 14, 2026, subject to regulatory approval

Placement Structure and Agent Fees for Scottie Resources' October 2026 Financing

Velocity Capital Partners acted as sole bookrunner, with Agentis Capital Markets (AFN Limited Partnership) and Beacon Securities Limited serving as co-lead agents under the agency agreement. The company paid a cash fee of C$442,457.99 and issued 152,572 compensation warrants to the agents, each exercisable at C$2.90 per share for 24 months expiring October 9, 2028. In connection with the non-brokered tranche, Scottie also paid cash finder's fees of C$330,306.64 and issued 113,899 finder's warrants on the same exercise terms and expiry date.

Related-Party Participation and MI 61-101 Exemption

The company disclosed that 1,379,310 non-brokered common shares and 24,565 flow-through shares were issued to related parties, constituting related-party transactions under Multilateral Instrument 61-101. Scottie states it is exempt from formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the related-party participation does not exceed 25% of the company's market capitalisation. The company noted it did not file a material change report more than 21 days before closing, citing expedited closing requirements and the late settlement of offering terms.

Use of Proceeds Directed Toward Scottie Gold Mine Permitting and Exploration

Net proceeds from the common share offerings will be applied to working capital, general corporate purposes, and ongoing technical studies and permitting at the Scottie Gold Mine Project. Gross proceeds from the flow-through shares will fund eligible Canadian exploration expenses qualifying as flow-through mining expenditures under both federal and British Columbia income tax legislation. All qualifying expenditures will be renounced in favour of flow-through subscribers effective on or before December 31, 2026. The Scottie Gold Mine Project hosts an inferred resource of 703,000 gold ounces at 6.1 g/t across approximately 58,500 hectares in the Stewart Mining Camp.