Sego Closes Final Tranche of $925,600 Non-Brokered Placement

Executive Summary

• Sego Resources Inc. closed Tranche 2, the final tranche of its non‑brokered private placement, issuing 8,350,000 shares for $501,000.
• The overall offering comprised 15,426,665 units at $0.06 per unit, raising gross proceeds of $925,600.
• Proceeds are earmarked for general working capital and exploration of the Miner Mountain Project.

Key Details

• Tranche 2 Closing: 8,350,000 shares issued; total consideration $501,000.
• Total Offering Size: 15,426,665 units at $0.06 per unit → gross proceeds $925,600.
• Unit Composition: Each unit = 1 common share + 1 common share purchase warrant.
• Warrant Terms: Warrants allow purchase of an additional common share at $0.10 for three years from closing; acceleration clause triggers after 4 months + 1 day if TSX‑V price > $0.18 for ten consecutive business days, with expiry on the 30th day after notice.
• Hold Period: All securities subject to a four‑month‑and‑one‑day hold period; expires July 27 2026.
• Related‑Party Participation: Insider (holding >10% of shares) – FruchtExpress Grabher GMB & Co KG – purchased 8,350,000 units; transaction relied on MI 61‑101 exemptions as it did not exceed 25 % of market cap.
• Use of Proceeds: General working capital and exploration activities at the Miner Mountain Project (possible re‑allocation for sound business reasons).
• No Finder’s Fees will be paid on this placement.
• Regulatory Notes: Securities not registered under U.S. securities laws; closing subject to TSX‑V approval.

Notable Quotes

• “The Company fully expects to spend the funds for general working capital and exploration of the Miner Mountain Project,” – J. Paul Stevenson, CEO & Director.