Scottie Resources closes C$ 21.38 million private placement of 7,359,870 shares

• Scottie Resources closed a brokered private placement of common shares priced at C$2.90 per share.
• An initial tranche of a non-brokered offering also closed at C$2.90 per common share, C$3.10 per flow-through share.
• Issued 7,359,870 shares, including 194,212 flow-through shares, raising gross proceeds of C$21.38 million.
• Proceeds earmarked for working capital, corporate purposes, technical studies, permitting at the Scottie Gold Mine Project.
• Second and final non-brokered tranche targeted at about C$2.6 million around Oct. 14, pending approvals.

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