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Scotch Creek closes IPO on Canadian Securities Exchange

Scotch Creek Ventures Inc. completed its IPO on the Canadian Securities Exchange, raising C$396,600.

The company issued 3,305,000 shares at 12 cents apiece in the offering, it said Dec. 28. Its shares will resume trading on the exchange under the ticker SCV, effective Jan. 2, 2019.

Canaccord Genuity Corp. acted as an agent for the IPO.

Scotch Creek will use the proceeds to fund exploration on the Cupz property in Nevada's Esmeralda County, and for general working capital purposes.