On February 16, 2023, Scottie Resources Corp. closed a brokered private placement of (i) 11,429,000 common shares of Scottie Resources that qualify as “flow-through shares” at a price of $0.35 per flow-through share; and (ii) 10,870,000 common shares of Scottie Resources at a price of $0.23 per common share, for aggregate gross proceeds of approximately $6.5 million. This private placement was completed pursuant to the Listed Issuer Financing Exemption.
Cormark Securities Inc. acted as sole underwriter.
Cassels acted for Cormark.