Sego Resources (TSE:SGZ) has released an update.
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Sego Resources Inc. has successfully closed the first tranche of its announced financing, raising $100,000 by issuing 5 million units at $0.02 each, with added incentives in the form of share purchase warrants. The company has also received a tax credit refund of $43,299 and will use the proceeds for general working capital, keeping the option open for fund reallocation if needed. Notably, insiders, including the CEO and CFO, participated significantly in this tranche, highlighting internal confidence in the firm’s financial strategy.
For further insights into TSE:SGZ stock, check out TipRanks’ Stock Analysis page.