Sego Resources to Raise Up to $800,000 for Miner Mountain Exploration via Private Placement

Sego Resources ( (TSE:SGZ) ) has issued an update.

Sego Resources Inc. plans to raise up to $800,000 through a non-brokered private placement of 13,333,333 units at $0.06 per unit, each comprising one common share and a three-year warrant exercisable at $0.10, to fund exploration and general working capital at its Miner Mountain copper-gold project in British Columbia. Insiders will participate in the financing, which carries no finder’s fees and is subject to TSX Venture Exchange approval, a four-month hold period on securities, and an acceleration clause on the warrants; the company will also make use of a British Columbia exemption to allow participation by certain non-accredited investors, potentially broadening its investor base while strengthening its capital position for ongoing exploration activities.

More about Sego Resources

Sego Resources Inc. is a Vancouver-based mineral exploration company focused on its 100%-owned Miner Mountain copper-gold alkalic porphyry project near Princeton, British Columbia. The 2,056-hectare property sits 15 kilometres north of Hudbay Minerals’ Copper Mountain mine and hosts both near-surface disseminated gold and deeper structurally controlled copper-gold mineralization. Sego operates under a Memorandum of Understanding with the Upper Similkameen Indian Band, on whose Traditional Territory the project is located, and has received an Award of Excellence for reclamation work at Miner Mountain.

Average Trading Volume: 397,424

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$14.41M

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