Followers | 53 |
Posts | 11277 |
Boards Moderated | 9 |
Alias Born | 06/25/2009 |
Sunday, May 02, 2021 6:54:06 PM
Vancouver, BC / April 26, 2021 / Scotch Creek Ventures Inc. (the “Company”, “Scotch Creek”) (CSE: SCV)
announces that it has closed its private placement of units at $0.35 per unit originally announced March
12, 2021, and updated April 22, 2021. The private placement was oversubscribed by 851,834 units. The
total amount subscribed for is 6,566,120 units at $0.35 per unit for gross proceeds of $2,298,142. Net
$2,202,666.72 after payment of finder’s fees totaling $95,475.28. The company issued 344,637 finders
warrants to registered investment dealers with each warrant exercisable to purchase one additional
common share for a period of 2 years from issuance at $0.50 per share.
Each Unit consists of one common share of the Company and one share purchase warrant with each
warrant entitling the holder to purchase one additional common share for a period of 2 years from issuance
at $0.50 per share. The Company has the right to accelerate the expiry of the warrants should the
Company’s shares trade above $1.00 for 10 consecutive trading days. In the event of acceleration, the
expiry date will be accelerated to a date that is 15 business days after the Company issues a news release
announcing that it has elected to exercise this acceleration right.
The securities issued under the private placement will be subject to a hold period expiring four months and
one day from the date of issuance pursuant to applicable Canadian securities laws and relevant restrictions
under the securities laws of other jurisdictions where the placees may be resident.
On behalf of the Board of Directors
“David K. Ryan”
David Ryan
Chief Executive Officer
Further information about the Company is available on our website at www.scotch-creek.com or under
our profile on SEDAR at www.sedar.com, and on the CSE website at www.thecse.com.
Public Relations Contact
Scotch Creek Ventures Inc. Telephone: +1.604.283.5636 Email: info@scotch-creek.com Website:
www.scotch-creek.com
https://webfiles.thecse.com/sedar_filings/00045864/2104270940063373.pdf
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM