Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) has closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$2,413,443.90. The tranche involved the issuance of 823,369 shares, including 128,369 flow-through shares, at prices of C$2.90 and C$3.10 per share respectively. Combined with its earlier brokered and non-brokered tranches, the company's total combined financing raised aggregate gross proceeds of C$23,795,909.30, providing capital to advance the Scottie Gold Mine Project in British Columbia.

Key Points

  • Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) closed the second and final tranche of its non-brokered private placement on October 22, 2026.
  • The final tranche raised C$2,413,443.90 through 823,369 shares, including 128,369 flow-through shares priced at C$3.10 each.
  • Total combined financing across all tranches and offerings reached C$23,795,909.30; the non-brokered offering alone totalled C$14,921,111.80.
  • Investors may be watching for final TSX Venture Exchange acceptance of the non-brokered offering and deployment of proceeds toward the Scottie Gold Mine Project.

Final Tranche Terms and Finder's Fees for Scottie Resources' Private Placement

The second tranche closed October 22, 2026, issuing 823,369 offered shares at C$2.90 per common share and C$3.10 per flow-through share. In connection with the closing, Scottie paid cash finder's fees of C$103,530.00 and issued 35,700 finder's warrants. Each finder's warrant entitles the holder to acquire one common share at C$2.90 for a period of 24 months, expiring October 22, 2028. All offered shares carry a statutory hold period expiring February 23, 2027, consistent with applicable Canadian securities laws governing private placement exemptions.

Related-Party Participation and Regulatory Exemptions Disclosed

The announcement states that 24,175 flow-through shares in the second tranche were issued to related parties of the company, constituting related-party transactions under Multilateral Instrument 61-101. Scottie disclosed it relied on exemptions under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of securities issued to related parties did not exceed 25% of the company's market capitalisation. The company also noted it did not file a material change report more than 21 days before closing, citing expedited closing for sound business reasons as permitted under applicable rules.

Proceeds Earmarked for Scottie Gold Mine Project in British Columbia's Golden Triangle

Net proceeds from the common shares will fund working capital and general corporate purposes, including technical studies and permitting underway at the Scottie Gold Mine Project. Gross proceeds from flow-through shares will be used to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures under both federal and British Columbia tax legislation. The release states all qualifying expenditures will be renounced in favour of flow-through subscribers effective on or before December 31, 2026. The non-brokered offering remains subject to final acceptance from the TSX Venture Exchange.