VANCOUVER, BC, Dec. 16,
2024 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE:SR8) is pleased to announce that it has engaged
the services of ICP Securities Inc. ("ICP") to provide
automated market making services, including use of its proprietary
algorithm, ICP Premium™, in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable
legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement
between the Company and ICP was signed with a start date of
December 12, 2024, and is for four
(4) months (the "Initial Term") and shall be automatically
renewed for subsequent one (1) month terms (each month called an
"Additional Term") unless either party provides at least
thirty (30) days written notice prior to the end of the Initial
Term or an Additional Term, as applicable. There are no performance
factors contained in the agreement and no stock options or other
compensation in connection with the engagement. ICP and its clients
may acquire an interest in the securities of the Company in the
future.
ICP is an arm's length party to the Company. ICP's market making
activity will be primarily to correct temporary imbalances in the
supply and demand of the Company's shares. ICP will be responsible
for the costs it incurs in buying and selling the Company's shares,
and no third party will be providing funds or securities for the
market making activities.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that
specializes in automated market making and liquidity provision, as
well as having a proprietary market making algorithm, ICP Premium™,
that enhances liquidity and quote health. Established in 2023, with
a focus on market structure, execution, and trading, ICP has
leveraged its own proprietary technology to deliver high quality
liquidity provision and execution services to a broad array of
public issuers and institutional investors.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property
which includes the Blueberry Contact Zone and the high-grade,
past-producing Scottie Gold Mine.
Scottie also owns 100% interest in the Georgia Project which
contains the high-grade past-producing Georgia River Mine, as well as the Cambria
Project properties and the Sulu and Tide North properties.
Altogether Scottie Resources holds approximately 58,500 hectares of
mineral claims in the Stewart Mining Camp in the Golden
Triangle.
The Company's focus is on expanding the known mineralization
around the past-producing mines while advancing near mine
high-grade gold targets, with the purpose of delivering a potential
resource.
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.
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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SOURCE Scottie Resources Corp.
