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- Scottie Resources (OTCQB:SCTSF) said it was undertaking a non-brokered private placement of up to C$2.3M.
- The offering consists of ~13.53M units at C$0.17 per unit.
- Each unit consists of one common share one warrant to buy one common stock at C$0.25.
- The company said it intends to use the proceeds for exploration on its mineral properties, working capital, and general corporate purposes.
- The offering is subject to acceptance of the TSX Venture Exchange.
- Scottie added that it has granted a total of ~2.35M stock options to certain directors, officers, and consultants to the company at an exercise price of C$0.18 per option, expiring five years from the date of issuance.