SCOTTIE RESOURCES ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Rhea-AI Summary

Scottie Resources (TSXV: SCOT, OTCQB: SCTSF) has engaged ICP Securities Inc. to provide automated market making services, including the use of their proprietary ICP Premium™ algorithm. The agreement, starting December 12, 2024, has an initial term of four months with automatic one-month renewals thereafter, unless either party provides 30 days notice. ICP will receive a monthly fee of C$7,500 plus taxes. The service aims to correct temporary supply and demand imbalances in Scottie's shares, with ICP bearing all costs related to buying and selling activities. No performance factors, stock options, or additional compensation are included in the agreement.

Positive

• Market making services could help improve stock liquidity and price stability

Negative

• Additional monthly expense of C$7,500 plus taxes for market making services

VANCOUVER, BC, Dec. 16, 2024 /PRNewswire/ - 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.

FAQ

What is the cost of ICP Securities' market making services for SCTSF?

ICP Securities will charge Scottie Resources a monthly fee of C$7,500 plus applicable taxes for their automated market making services.

When does SCTSF's market making agreement with ICP Securities begin?

The agreement between Scottie Resources and ICP Securities begins on December 12, 2024.

How long is the initial term of SCTSF's market making agreement?

The initial term of the market making agreement is four months, with automatic one-month renewals thereafter unless terminated with 30 days notice.

What services will ICP Securities provide to SCTSF?

ICP Securities will provide automated market making services, including use of their proprietary ICP Premium™ algorithm, to help correct temporary imbalances in supply and demand of Scottie Resources shares.