Sego Resources increases private placement to $955,600

Executive Summary

• Sego Resources Inc. has upsized its non-brokered private placement from $800,000 to $955,600 due to strong investor demand.
• The offering consists of 15,926,665 units priced at $0.06 per unit, with gross proceeds of $955,600.
• Funds are designated for exploration and general working capital at the Miner Mountain copper-gold project in British Columbia.

Key Details

• Offering Size: Upsized to $955,600 (increased from $800,000).
• Units Issued: 15,926,665 units.
• Price Per Unit: $0.06.
• Gross Proceeds: $955,600.
• Warrant Terms: Each unit includes one common share and one common share purchase warrant.
• Warrant Exercise Price: $0.10 per share.
• Warrant Expiry: Three years from the closing of the private placement.
• Acceleration Clause: Warrants may be accelerated if the closing trading price on the TSX Venture Exchange exceeds $0.18 for 10 consecutive business days, occurring four months and one day after issuance. Notice results in expiry 30 days after notice.
• Use of Proceeds: Exploration and general working capital for the Miner Mountain copper-gold project near Princeton, B.C.
• Project Details: Miner Mountain is an alkalic porphyry copper-gold mineralization project. Key zones include the near-surface disseminated gold mineralization, the Billy zone (porphyry copper discovered Dec 2025), the adjacent South gold zone, and a deeper copper-gold porphyry indicated at the Cuba zone (1,200 metres northeast).
• Insider Participation: Insiders will participate in the private placement.
• Finders' Fees: None.
• Regulatory/Conditions: Subject to TSX-V approval and customary conditions. Securities subject to a four-month-and-one-day hold period.
• Investor Eligibility: Utilizes British Columbia Instrument 45-536, allowing non-accredited investors with registered investment dealer advice.
• Minimum Offering: None.
• Maximum Units: 15,926,665 units.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.