VANCOUVER BC, April 2, 2024 /CNW/ – Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) (“Scottie” or the “Company“) is pleased to announce that it has entered into a financing arrangement with Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) (“Franco-Nevada“) whereby Scottie has agreed to sell a 2.0% gross production royalty (the “Royalty“) to Franco-Nevada for C$8,100,000 (the “Royalty Transaction“). The Royalty will apply to all minerals produced on Scottie’s claims in the Stewart Mining Camp in the Golden Triangle.
In addition, Franco-Nevada has agreed to purchase common shares of the Company comprising the entire back-end of an aggregate C$1,500,000 charity flow-through private placement at a price to flow-through subscribers of C$0.275 per flow-through common share of the Company (the “Private Placement“).
President and CEO, Brad Rourke commented: “We are happy to welcome Franco-Nevada as a shareholder and…
