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Source: Sego Resources Inc.
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  • Sego Resources (SGZ) has announced a non-brokered private placement for proceeds of up to $405,000
  • Sego will issueup to 4,500,000 flow-through shares at $0.09 per share
  • Proceeds will be used to fund diamond drilling on the Miner Mountain Copper-Gold Alkalic Porphyry project
  • The offering is open to all existing shareholders of the company and all interested investors
  • Sego Resources Inc is a Canadian-based mineral exploration company
  • Sego Resources Inc. (SGZ) is unchanged, trading at C$0.085 per share at 1:30 pm ET

Sego Resources (SGZ) has announced a non-brokered private placement for proceeds of up to $405,000.

Sego will issue up to 4,500,000 flow-through shares at $0.09 per share. 

This private placement may close in several tranches and insiders may participate in the placement.

Proceeds will be used to fund diamond drilling on the Miner Mountain Copper-Gold Alkalic Porphyry project, near Princeton, BC.

Finder’s fees may be payable and will consist of a cash fee of 7 per cent and a broker’s warrant entitling the broker to purchase one common share for each warrant held for two years from the closing date of the offering.

All of the shares sold pursuant to the offering will be subject to a four-month hold period from the date of closing.

The offering is open to all existing shareholders of the company and all interested investors. 

The company also plans to open the placement to non-accredited investors. Completion of the private placement is subject to TSXV approval.

Sego Resources Inc is a Canadian-based mineral exploration company.

Sego Resources Inc. (SGZ) is unchanged, trading at C$0.085 per share at 1:30 pm ET.

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