Sunday, August 27, 2017

Scandium International Mining Corp. -

Scandium International Mining Corp. - SCY.v is focused on the flagship (80% interest) Nyngan Scandium Project, located in New South Wales, Australia, approximately 500 kilometers northwest of Sydney. The Company completed a definitive feasibility study for the project in May 2016.

On July 20, 2017 the company released News

Scandium International Mining Corp. (the "Company" or "SCY") (TSX: SCY) announces that it has received subscription agreements for a total of 3,628,333 common shares at a price of C$0.30 per share for a total of C$1,088,500 in gross proceeds. The Company will not be paying any finders' fees on the transaction. A portion of the placement (3%) was sold to a director of the Company. Completion of the private placement is subject to approval by the Toronto Stock Exchange.

The proceeds from the financing will be used for general working capital, and specifically for the advancement of the Company's Nyngan Scandium Project in NSW, Australia.