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SCTSF / Scottie Resources inks agreement in connection with a 'best efforts' private placement for aggregate gross proceeds approximately $6M

Scottie Resources Corp said it has entered into an agreement under which Cormark Securities Inc, as lead agent on behalf of a syndicate of agents, will undertake a 'best efforts' private placement for aggregate gross proceeds to the company of approximately $6 million. The offering will comprise 6,670,000 common shares of the company that qualify as 'flow-through shares' (FT shares) at a price of $0.30 each for gross proceeds of $5,001,000, and 4,762,000 common shares of the company (HD shares) at a price of $0.21 each for gross proceeds of $1,000,020, The agents will have the option exercisable, in whole or in part at any time up to 48 hours prior to the closing of the offering, to offer for sale up to an additional 3,200,000 common shares of the company which option will be exercisable for FT shares at the FT share issue price, HD shares at the HD share issue price, or some combination thereof. Read More

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Posted: Mar 29 2022, 09:24

Author Name: Proactive Investors

SCTSF News

By Proactive Investors
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Scottie Resources announces up to $3.5M private placement

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By Proactive Investors
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Scottie Resources reveals 20,000m drill program at Scottie Gold Mine project in British Columbia

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By Proactive Investors
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Scottie Resources reports new assays at Blueberry Zone including two high-grade intercepts

Scottie Resources Corp. (TSX-V:SCOT) has reported new assays from the Blueberry Zone at its Scottie Gold Mine property in British Columbia's Golden

By Proactive Investors
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Scottie Resources inks deal for private placement to raise aggregate gross proceeds of approximately $6.5M

Scottie Resources Corp. (TSX-V:SCOT) said it has entered into an agreement with Cormark Securities Inc, as sole underwriter, in connection with a boug

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