Sego Resources Closes $206,000 First Tranche of Financing
Newsfile·2025-08-07 19:50

Core Points - Sego Resources Inc. has received conditional approval from the TSX Venture Exchange for the first tranche of financing, which will involve issuing 10,300,000 units at a price of $0.02 per unit, resulting in gross proceeds of $206,000 [1][2] Financing Details - Each unit consists of one common share and one share purchase warrant, allowing the holder to purchase an additional common share at $0.05 for three years from the closing date [2][5] - The total offering includes up to 20,000,000 flow-through units (FTU) at $0.025 per unit for gross proceeds of up to $500,000, and up to 10,000,000 non-flow-through units (NFTU) at $0.02 per unit, with the total financing expected to reach $700,000 [4][6] Use of Proceeds - Proceeds from the financing will be allocated for general working capital, with flow-through proceeds specifically designated for continued exploration of the Miner Mountain Copper-Gold Alkalic Porphyry project and South Gold Zone near Princeton, BC [3][6]