Scottie Resources Corp. announced a non brokered private placement of 11,111,111 non-flow-through units at a price of CAD 0.18 per unit for the gross proceeds of CAD 1,999,999.98 and 11,111,111 charity flow-through units at a price of CAD 0.27 per unit for the gross proceeds of CAD 2,999,999.97 for an aggregate proceeds of CAD 4,999,999.95 on January 18, 2024. Each flow-through and non flow through unit will consist of one common share and one half of one share purchase 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 for a period of three years from the date of issuance at an exercise price of CAD 0.28 per warrant share. The company may pay finders' fees comprised of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance.

Completion of the offering 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.