Sego Resources (TSE:SGZ) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.