Scottie Resources Corp. (TSXV:SCOT) announced a non-brokered private placement of 10,000,000 units at CAD 0.2 per unit for gross proceeds of CAD 2,000,000 on January 10, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for a period of 24 months from closing at a price of CAD 0.30 per common share. The transaction will include participation from Eric Sprott. On closing, the investor will hold 11.5% stake in the company. The company may pay finders fees as part of the transaction. All the securities issuable will be subject to a four-month hold period from the date of closing. The closing of the transaction remains subject to approval by the TSX Venture Exchange.