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Scottie Resources Corp. (SCTSF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1999-0.0112 (-5.29%)
At close: 3:59PM EDT
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Previous close0.2111
Open0.2110
BidN/A x N/A
AskN/A x N/A
Day's range0.1999 - 0.2186
52-week range0.1250 - 0.2500
Volume135,336
Avg. volume42,619
Market cap30.25M
Beta (5Y monthly)4.41
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Scottie Announces Closing of $7 Million Private Placement of Flow-Through Shares
    GlobeNewswire

    Scottie Announces Closing of $7 Million Private Placement of Flow-Through Shares

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (TSX.V: SCOT) (“Scottie” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement financing pursuant to an underwriting agreement dated June 1, 2021 (the “Underwriting Agreement”) with Stifel GMP, raising aggregate gross proceeds of C$5,643,000 (the “Brokered Offering”). Stifel GMP 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”). The Company is also pleased to announced that it has completed a concurrent non-brokered private placement (the “Non-Brokered Offering”, and together with the Brokered Offering, the “Offerings”) of 5,100,000 FT Shares at the Issue Price for aggregate gross proceeds of $1,377,000. In connection with the Offerings, the Company raised aggregate gross proceeds of $7,020,000. Pursuant to the Underwriting Agreement, Stifel GMP received a cash commission of $338,580, and was issued 1,254,000 compensation warrants (“Compensation Warrants”). Stifel GMP also acted as financial advisor to the Company in connection with the Non-Brokered Offering, pursuant to which it received a financial advisory fee of $52,020 and was issued 153,000 Compensation Warrants. In connection with the Non-Brokered Offering, the Company also paid a cash finder’s fee of $30,600 and issued 153,000 Compensation Warrants to an arm’s length finder. Each Compensation Warrant entitles the holder to purchase one common share (a “Compensation Warrant Share”) of the Company at a price of C$0.25 per common share for a period of 24 months from the date of issuance. The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian exploration expenses that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)) on the Company’s properties in British Columbia (the “Qualifying Expenditures”). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than December 31, 2021. All FT Shares, Compensation Warrants and Compensation Warrant Shares issued and issuable under the Offerings are subject to a statutory hold period and may not be traded until October 2, 2021 except as permitted by applicable securities legislation. The Offerings are subject to the final approval of the TSX Venture Exchange. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.ABOUT SCOTTIE RESOURCES CORP. 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. Scottie’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of Scottie’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. For further information please contact: Scottie Resources Corp.Brad Rourke, Chief Executive Officer+1 250 877 9902 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking, including, but not limited to, statements relating to receipt of all required regulatory approvals. Although Scottie believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, changes to the Income Tax Act (Canada) or administrative changes to the application thereof in respect of flow-through mining expenditures and general economic, market or business conditions and regulatory, shareholder and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

  • Scottie Grants Stock Options
    GlobeNewswire

    Scottie Grants Stock Options

    VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) announces that it has granted 2,100,000 options to acquire common shares to certain directors and officers of the Company. The options are exercisable at a price of $0.25 per share and are valid for a period of five years. ABOUT SCOTTIE RESOURCES CORP. 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 Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

  • Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 10.2 g/t Gold Over 3.21 m and 1.31 g/t Over 22.13 m
    GlobeNewswire

    Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 10.2 g/t Gold Over 3.21 m and 1.31 g/t Over 22.13 m

    Figure 1 Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the results of the 11 holes drilled during the 2020 field season, key intercepts, and the projection of the newly discovered N-S mineralizing trend. Figure 2 Plan view map illustrating the location of the recent 2019/2020 drilling relative to the N-S trend of high-grade surficial samples. Figure 3 Key target zones on the Scottie Gold Mine Project and locations of 2020 drillhole collars. VANCOUVER, British Columbia, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report new assay results for the Blueberry Zone, including intercepts of 10.2 g/t gold over 3.21 metres and 1.31 g/t over 22.13 metres. These intercepts further support the existence of the N-S mineralizing system that was first discovered by Scottie in late 2019. The newly defined trend remains open along strike and at depth, with extensive surface work establishing a zone that exceeds 800 metres in strike length. CEO, Bradley Rourke commented: “The Blueberry Zone continues to yield strong intercepts along the newly defined N-S trend. Now that we have got a handle on the geometry of the system, drilling in 2021 will focus on increasing the vertical and lateral extent of this zone. The road accessible, near surface mineralization present at the Blueberry Zone complements the high-grade mineralization we continue to discover around the Scottie Gold Mine, located just 2 km to the southwest.” Drill Hole From (m)To (m)Width (m)Gold (g/t)Silver (g/t)SR20-50 39.9440.40.462.382.96SR20-55 78.9779.750.78**47.919.1SR20-56 no significant interceptsSR20-62 76.0098.1322.131.310.80including 91.1698.136.972.501.26including 96.3098.131.836.452.45SR20-64 145.96201.0255.061.070.90including 165.3167.52.25.341.77and 195.99199.23.2110.21.50Previously released 2020 Blueberry drill holesSR20-40* 15.9416.961.022.561.32and 24.0025.831.831.70.79SR20-45* 17.0023.106.1022.33.70including 17.0018.931.9367.910.2SR20-48* 18.0720.402.3335.84.70including 18.0719.081.0182.110.50and 56.6770.3513.688.962.86and including 67.2070.353.1538.68.65and including 68.6270.351.7369.815.2 Table 1: Selected results from 2020 drill assays results from the Blueberry Zone. True thicknesses of mineralized intercepts are undetermined. *previously released results (Oct 6, 2020, Dec 8, 2020), **mineralization is bounded by unsampled intervals. Blueberry Zone The Bow Property’s Blueberry Zone is located just 2 km northeast of the 100% owned, past-producing Scottie Gold Mine located in British Columbia, Canada’s Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein has only limited reported drilling. The target was significantly advanced during Scottie’s 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new splay off zone of the main Blueberry Vein. The drill results received so far in 2020, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralizing structure, of which the Blueberry Vein was only a secondary structure. This near surface zone is much wider than pursued in previous exploration models and establishing the orientation and continuity of it was a priority during the 2020 drill program. A total 1609 metres in 11 holes were drilled into the Blueberry Zone during 2020. The Blueberry Zone is located on the Granduc Road, 20 km north of the Ascot Resources’ Premier Mill, which has recently completed financing for reactivation (Dec 10, 2020). Figure 1: Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the results of the 11 holes drilled during the 2020 field season, key intercepts, and the projection of the newly discovered N-S mineralizing trend:https://www.globenewswire.com/NewsRoom/AttachmentNg/eeb3fc7f-3bf4-4980-87c9-2532fd8c7e10 2021 Blueberry Exploration Program The 2021 work program planned for the Blueberry Zone includes substantial drill step outs (>200 m) along strike to test the continuity of the recently defined N-S structure (Fig 1, 2). Additional drilling will test the vertical extent of the successful intercepts from 2019/2020. An induced polarization survey (IP), as well as a trenching program will be used to further delineate targets within the mineralized corridor. Figure 2: Plan view map illustrating the location of the recent 2019/2020 drilling relative to the N-S trend of high-grade surficial samples:https://www.globenewswire.com/NewsRoom/AttachmentNg/e4a4ab87-7a59-4a3b-8324-c1677f42d547 Figure 3: Key target zones on the Scottie Gold Mine Project and locations of 2020 drillhole collars:https://www.globenewswire.com/NewsRoom/AttachmentNg/1e4469f9-cfcc-4e54-b395-bd30dd3dea3e This release constitutes the final release of drillholes from the 2020 drill program. Any outstanding drill holes between SR20-21 and -66 (2020 drilling) that were not explicitly described in the news releases between October 6, 2020 and this release, yielded no significant results. Quality Assurance and Control Results from samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Company personnel under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry. Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company. ABOUT SCOTTIE RESOURCES CORP. 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 Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.