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Scottie Resources Corp. — Share Issue/Capital Change 2024
Dec 5, 2024
46847_rns_2024-12-04_3c182c95-5065-4e7b-af1e-74423ab32dbd.pdf
Share Issue/Capital Change
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FORM 51-102F3
Material Change Report
Item 1. Reporting Issuer
Scottie Resources Corp. (the "Company")
Suite 905-1111 West Hastings Street
Vancouver, BC V6E 2J3
Item 2. Date of Material Change
December 3, 2024.
Item 3. Press Release
On November 28, 2024, a news release in respect of the material change was disseminated by the Company via CNW.
Item 4. Summary of Material Change
The company announced that the consolidation of the Company’s issued and outstanding common shares at a ratio of six pre-consolidation shares to one post-consolidation share will become effective at the market opening on December 3, 2024.
Item 5. Full Description of Material Change
The consolidation of the Company’s issued and outstanding common shares at a ratio of six pre-consolidation shares to one post-consolidation share (the "Consolidation") will become effective at the market opening on December 3, 2024.
Immediately prior to the Consolidation, the Company had 299,819,618 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 49,970,000 common shares issued and outstanding. Fractional shares of 0.5 or greater will be rounded up to the nearest whole number of common shares and fractional shares of less than 0.5 will be rounded down to the nearest whole number of Shares. Some slight variance is expected due to fractional rounding. As is customary, to reflect the Consolidation, all outstanding warrants and incentive stock options will be adjusted to increase their exercise price by a factor of six and to reduce the number of common shares issued upon exercise by dividing by six.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
The report is not being filed on a confidential basis.
Item 7. Omitted Information
No information has been omitted.
Item 8. Executive Officer
Bradley Rourke, President and Chief Executive Officer
Phone: (250) 877-9902
Item 9. Date of Report
December 4, 2024