Scottie Resources Corp. announced a non-brokered private placement of 6,521,740 non flow-through units at a price of CAD 0.23 per non flow-through unit for gross proceeds of up to CAD 1,500,000.20, and 6,060,606 charity flow-through units at a price of CAD 0.33 per charity flow-through unit for gross proceeds of up to CAD 1,999,999.98; for aggregate gross proceeds of up CAD 3,500,000.18 on September 8, 2023. Each non flow-through unit will be comprised of one common share and one-half of one common share purchase warrant.

Each charity flow-through unit will be comprised of one flow-through common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share for a period of two years from the date of issuance at an exercise price of CAD 0.35 per warrant share. The company may pay finders' fees comprised of cash and non-transferable warrants in connection with the transaction, subject to compliance with the policies of the TSX Venture Exchange.

All securities issued and sold under the transaction will be subject to a hold period expiring four months and one day from their date of issuance. The completion of the transaction and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.