Scotch Creek Ventures Inc (SCV)

[TradingCharts]

VANCOUVER, BC / ACCESSWIRE / September 1, 2021 / Scotch Creek Ventures Inc. (the “Company”) (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) (“Scotch Creek” or the “Company”) announces, subject to regulatory approval, it intends to spin-off its precious and base metal project (Cupz Project) located in the Esmeralda County, Nevada, to its shareholders. For the purposes of completing the spin-off, Scotch Creek Ventures has incorporated Whiskey Glen Ventures Inc. (“Whiskey Glen”). The Company will transfer the property to the subsidiary in exchange for shares of Whiskey Glen, equivalent to the amount the Company invested in the property ($260,625) divided by $0.04 per share.

Scotch Creek Ventures Inc. Shareholders will receive 1 Whiskey Glen Ventures Inc. share for every 4.4 shares held in the Company
The spin-off will enable Scotch Creek to shift focus on expanding its lithium exploration efforts
Whiskey Glen Ventures Inc. will be well-positioned with the addition of the promising precious and base-metal Cupz project

https://apnews.com/press-release/Accesswire/business-scotch-creek-ventures-inc-e68ad046f08a68435ae3f562baea8713