Scandium Canada Announces a Private Placement of $1,000,000
September 18, 2024
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR
DISSEMINATION DIRECTLY , OR INDIRECTLY , IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES.
Scandium Canada Announces a Private Placement of $1,000,000
MONTRÉAL (QU ÉBEC) – Scandium Can ada Ltd. (TSX-V: SCD) (OTC: SCDCF) (the
“Corporation”) announces that its intention to complete a non-brokered private placement for proceeds of
up to $1,000,000 (the “Offering”). This Offering consist of the issuance of a maximum of 25,000,000 units
of the Corporation (the “Units”) at a price of $0.04 per Unit. Each Unit consists of one common share of
the Corporation ( the “Common Shares”) and one Common Share purchase warrant ( the “Warrants”).
Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0. 05 per
Common Share for a period of 24 months from the date of issuance thereof.
The net proceeds from the sale of the Units will be mainly used by the Corporation for general and corporate
working capital purposes.
The Common Shares and the Warrants issued pursuant to this Offering will be subject to a restricted hold
period of four months and one day, under applicable Canadian securities laws. The Offering remains subject
to the approval of the Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
About Scandium Canada Ltd.
Scandium Canada is a Canadian technology metals company focused on advancing its flagship Crater Lake
scandium and rare earth project in Québec.
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not
limited to, those relating to the intended use of proceeds of the Offering, closing of the Offering, the approval
of the Exchange in connection with the Offering, the development of the Crater Lake project and, generally,
the above “About Scandium Canada Ltd.” paragraph which essentially described the Corporation’ s
outlook, constitute “forward-looking information" or “forward-looking statements” within the meaning of
applicable securities laws, and are based on expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based upon a number of estimates and
assumption that, while considered reasonable by the Corporation as of the time of such statements, are
inherently subject to significant business, economic and competitive uncertainties, and contingencies. These
estimates and assumption may prove to be incorrect. Many of these uncertainties and contingencies can
directly or indirectly affect, and could cause, actual results to differ materially from those expressed or
implied in any forward-looking statements and future events, could differ materially from those anticipated
in such statements. A description of assumptions used to develop such forward -looking information and a
description of risk factors that may cause actual results to differ materially from forwar d-looking
information can be found in the Corporation’ s disclosure documents on the SEDAR+ website at
www.sedarplus.ca.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not
be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided
for the purpose of providing information about management’ s endeavors to develop the Crater Lake project,
and, more generally, its expectations and plans relating to the future. Readers a re cautioned not to place
undue reliance on these forward-looking statements as a number of important risk factors and future events
could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates, assumptions and intentions expressed in such forward -looking statements. All of
the forward-looking statements made in this press release are qualified by these cautionary statements and
those made in our other filings with the securities regulators of Canada. The Corporation disclaims any
intention or obligation to update or revise any forward -looking statement or to explain any material
difference between subsequent actual events and such forward -looking statements, except to the extent
required by applicable law.
Neither the TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Guy Bourassa
Chief Executive Officer
Phone: 1 (418) 580-2320
Rebecca Greco
Investor Relations
Phone: 1 (416) 822-6483