Scottie Resources Announces Acceleration of Share Purchase Warrants
SCOTTIE RESOURCES ANNOUNCES ACCELERATION OF
SHARE PURCHASE WARRANTS
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
Vancouver, BC – July 10, 2020 – Scottie Resources Corp. (“Scottie” or the “ Company”) (TSXV:
SCOT), announces that it has provided formal notice to warrant holders that it has exercised its
option to accelerate the expiry of warrants and broker warrants issued in the Company’s financing
that closed in two tranches, on September 25, 2019 and October 18, 2019 ( collectively the
“Warrants”) (the “Financing”).
CEO, Bradley Rourke commented “The acceleration of these Warrants provides us with the financial
stability and flexibility to advance our flagship Scottie Gold Mine Project. The timing of this is ideal
as it will allow us to supplement our 2020 exploration program , already underway. We encourage
the Warrant holders to exercise and increase their position with Scottie Resources!”
On July 6, 2020 Scottie’s share price closed at $0.385, after closing at or above $0.29 during the
previous 10 consecutive trading days. Based on the terms of the Warrants, this triggers the
Company’s option to accelerate the expiry of the 11,351,265 Warrants held by shareholders who
participated in the Financing, as well as the 325,392 broker Warrants issued in the Financing (see
the Company’s news releases dated September 25, 2019 and O ctober 18, 2019). The Warrants
issued in the Financing allow the holder to purchase one common share of the Company for each
Warrant held at a price of at $0.22 per Warrant.
Warrant holders have until the close of business, Monday, August 17 , 2020, to exercise Warrants
held. If the Warrants are not exercised by August 17, 2020 they will expire pursuant to the
acceleration terms of the Warrant. Exercise of all 11, 676,657 Warrants would generate a total of
$2,568,864.
This news release does not constitut e an offer to sell or a solicitation of an offer to sell 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 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 24,589 ha of mineral claims in the
Golden Triangle.
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 or Rahim Lakha, Corporate Development at (416) 414-9954.
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” occ ur. 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.