Sego Plans To Raise $800,000 in a Private Placement
Sego Plans To Raise $800,000 in a Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Sego Resources Inc. (TSXV: SGZ)
("Sego" or "the Company") is planning to execute a non-brokered private placement of up to $800,000
for exploration and general working capital at its Miner Mountain project near Princeton, BC, subject to
regulatory approval. Alkalic porphyry copper-gold mineralization that occurs at Miner Mountain
encompasses near-surface disseminated gold mineralization and porphyry copper mineralization in the
Billy Zone/South Gold Zone and deeper porphyry structural controlled copper-gold mineralization in the
Cuba Zone. (See News Releases December 19, 2025 and February 2, 2026).
Private Placement
The offering will consist of 13,333,333
units at $0.06 per unit for gross proceeds of $800,000.
Each Unit will consist of one common share and one common share purchase warrant. Each warrant will
entitle the holder to purchase an additional common share at $0.10 for three years from the closing of the
private placement. The warrants will contain an acceleration clause that will be in place 4 months and
one day after the units are issued.
If at any time after the date that is four months and one day after the
closing date the closing trading price of the Common Shares on the TSX Venture Exchange is greater
than Canadian $0.18 per Common Share for a period of ten (10) consecutive Business Days, then the
Company may give notice thereof and, in such case, the Expiry Time shall be 5:00 p.m. (Vancouver
time) on the 30th day after the date on which such notice is deemed to have been given by the Company
to the Holder.
There will be no finder's fees paid on the private placement.
Insiders will participate in the private placement. The proceeds will be expended on general working
capital, general corporate purposes and continued exploration on the Company's Miner Mountain
Copper-Gold Alkalic Porphyry Project near Princeton, BC.
This offering will be subject to the completion of formal documentation, receipt of all necessary regulatory
approvals, including the TSX Venture Exchange and other customary conditions. All of the securities
sold pursuant to the offering will be subject to a four-month hold period from the date of closing.
The Company also plans to utilize British Columbia Instrument 45-536 which opens private placements
to non-accredited investors provided the purchaser has obtained advice regarding the suitability of the
investment and that advice has been obtained from a person that is registered as an investment dealer
in the jurisdiction and any other exemptions that may be applicable.
Completion of the private placement
is subject to the TSX Venture Exchange approval.
There is no minimum offering size for the private placement and the maximum number of units proposed
to be issued is 13,333,333 units for gross proceeds of $800,000. The Company fully expects to spend
the funds as stated; there may be circumstances, for sound business reasons, where a reallocation of
funds may be necessary.
None of the securities issued in the Offering will be registered under the United States Securities Act of
1933, as amended (the "1933 Act").
There is no material change about the issuer that has not been generally disclosed.
For further information please contact:
J. Paul Stevenson, CEO
(604) 682-2933
About the Project
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry and gold
exploration project located near Princeton, British Columbia. The property is 2,056 hectares in size and
is 15 km north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a
Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory
the Miner Mountain Project is situated. Sego has received an Award of Excellence for its reclamation
work on the Miner Mountain Project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. No regulatory authority has approved or disapproved the information contained in this news
release.
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statement of historical facts that address future production, reserve
potential, exploration drilling, exploitation activities and events or developments that the Company
expects re forward-looking statements. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, statements are not guarantees
of future performance and actual results or developments may differ materially from the forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, continued availability of
capital and financing, general economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and those actual results or developments may
differ materially from those projected in the forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/282866