Sego Resources Completes $625,800 Financing
Newsfile·2025-11-05 14:00

Core Viewpoint - Sego Resources Inc. has received conditional approval from the TSX Venture Exchange for the closing of the final tranche of its financing, which will raise a total of $625,800 for exploration and working capital purposes [1][3]. Financing Details - The final tranche will consist of 7,200,000 Flow-Through Units priced at $0.025 per unit, generating gross proceeds of $180,000, and 11,990,000 Non-Flow-Through Units priced at $0.02 per unit, generating gross proceeds of $239,800 [1][2]. - The total gross proceeds from the financing, including the first tranche completed on August 7, 2025, amount to $625,800 [3]. Use of Proceeds - Proceeds from the financing will be allocated to exploration at the Miner Mountain Project and for general working capital [4]. - Exploration expenditures are expected to exceed $200,000, and funds raised will qualify for a BC Mining Exploration Tax Credit of 30% [4]. Insider Participation - Insiders subscribed for 5,440,000 units, with significant subscriptions from Paul McGroary and Elliot Strashin, classifying the private placement as a related-party transaction [6]. Finder's Fees - Finder's fees for the private placement amounted to $15,750 in cash and included broker warrants, with a total of 87,500 three-year broker warrants and 280,000 two-year broker warrants, all subject to a hold period ending on March 5, 2026 [5].