Scottie Resources Completes Shares for Debt Settlement
15 Janvier 2020 - 3:00PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to report that, further to its news release of January
7, 2020, it has settled $141,750
of debt
through the issuance of common shares of the Company (the "Debt
Settlement"). Pursuant to the Debt Settlement, the Company has
issued 567,000 common shares of the Company (the "Shares") at a
deemed price of $0.25 per Share, to an arm’s length creditor of the
Company.
All Shares issued are subject to a four month
hold period which will expire May 15, 2020.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high-grade,
past-producing Scottie Gold Mine property and has the option to
purchase a 100% interest in the Bow property and the Summit Lake
claims which are contiguous with the Scottie Gold Mine property.
Scottie owns 100% interests in the Ruby Silver and Black Hills
properties and has the option to purchase a 100% interest in the
Bitter Creek property which joins the Ruby Silver property with the
Black Hills property.
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 www.scottieresources.com and at
www.sedar.com, or by contacting Bradley Rourke, President and CEO
at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO
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” occur. 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.
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