VANCOUVER, BC, November 28, 2024 – Scottie Resources Corp. (“Scottie” or the “Company“) (TSXV: SCOT) (OTCQB: SCTSF) (FSE:SR8) announces the effective date of its previously announced common share consolidation. The consolidation, a six-to-one share ratio, takes effect at market opening on December 3, 2024.
Before the consolidation, the Company had 299,819,618 issued and outstanding common shares. After the consolidation, approximately 49,970,000 common shares will be outstanding. Fractional shares will be rounded: 0.5 or greater rounded up, less than 0.5 rounded down. Minor variations are anticipated due to rounding. All outstanding warrants and stock options will be adjusted accordingly; exercise prices will increase sixfold, and the number of shares issuable upon exercise will be divided by six.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property (including the Blueberry Contact Zone and the past-producing Scottie Gold Mine) and the Georgia Project (including the past-producing Georgia River Mine). The company also owns the Cambria Project properties and the Sulu and Tide North properties, totaling approximately 58,500 hectares of mineral claims in British Columbia’s Stewart Mining Camp.
The Company is focused on expanding known mineralization near past-producing mines and advancing high-grade gold targets to potentially establish a resource.
All properties are located in British Columbia’s Golden Triangle, a globally significant mineralized region.
Forward-Looking Statements
This release may contain forward-looking statements, which are not historical facts. These statements often include words like “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” and “potential,” or statements that events or conditions “will,” “would,” “may,” “could,” or “should” occur. While the Company believes these statements are based on reasonable assumptions, they are not guarantees of future performance. Actual results may differ. Forward-looking statements are based on management’s beliefs, estimates, and opinions at the time of release. The Company disclaims any obligation to update or revise forward-looking statements.
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.
SOURCE Scottie Resources Corp.
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