Scottie closes $5.6 million bought deal private placement

June 1, 2021

On June 1, 2021, Scottie Resources Corp. (TSX.V:SCOT) (“Scottie”) announced the closing of its bought deal private placement financing pursuant to an underwriting agreement dated June 1, 2021 (the “Underwriting Agreement”) with Stifel GMP (“Stifel”), raising aggregate gross proceeds of C$5,643,000 (the “Brokered Offering”). Stifel acted as sole underwriter pursuant to the terms of the Offering, under which the Company issued 20,900,000 flow-through common shares of the Company (the “FT Shares”) at a price of C$0.27 per FT Share (the “Issue Price”).

Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties and the Sulu property. Scottie holds more than 25,000 hectares of mineral claims in the Golden Triangle.

Miller Thomson advised Stifel on the transaction with a team comprised of Lawrence Wilder, Adam Kline, Abid Ahmed and Brandon Meyer (Capital Markets & Securities) as well as Manjit Singh (Corporate Tax).