Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) closed a brokered private placement and the initial tranche of a non-brokered private placement on October 9, 2026. The combined offering issued 7,359,870 shares, including 194,212 flow-through shares, at C$2.90 per common share and C$3.10 per flow-through share, for aggregate gross proceeds of C$21,382,465.40.
The brokered tranche was conducted under an agency agreement dated October 9, 2026, with Velocity Capital Partners acting as sole bookrunner, alongside Agentis Capital Markets and Beacon Securities Limited as agents. In connection with the brokered offering, the company paid the agents a cash fee of C$442,457.99 and issued 152,572 compensation warrants, each exercisable at C$2.90 per share until October 9, 2028.
For the initial tranche of the non-brokered offering, the company paid cash finder's fees of C$330,306.64 and issued 113,899 finder's warrants on the same terms as the compensation warrants. The release described the non-brokered offering as proceeding in tranches, with the first tranche closing alongside the brokered placement.
Related parties purchased 1,379,310 of the non-brokered common shares and 24,565 of the flow-through shares in the offering, which the company said represented less than 25% of its market capitalization. All securities issued in the offering are subject to a statutory hold period expiring February 10, 2027.
The company said net proceeds from the offering will be used for general corporate purposes, including technical studies and permitting work at the Scottie Gold Mine Project in British Columbia's Golden Triangle. Proceeds from the flow-through shares are earmarked for Canadian exploration expenses, which the company intends to renounce to subscribers effective December 31, 2026.
Scottie Resources said it anticipates closing a further non-brokered tranche of approximately C$2.6 million on or about October 14, 2026, subject to the approval of the TSX Venture Exchange and other customary conditions. The company's flagship project is the Scottie Gold Mine, located in British Columbia's Golden Triangle region.