Sego Resources Completes Closing of Private Placement
SEGO RESOURCES INC.
Suite 310 -744 West Hastings Street
Vancouver, BC V6C 1A5
TSX-V: SGZ
Tel: (604) 682-2933 www.segoresources.com Toll Free: 1-866-683-2933
SEGO RESOURCES COMPLETES CLOSING OF PRIVATE PLACEMENT
Vancouver, British Columbia, January 5, 2017 - Sego Resources In c. (“Sego” or the
“Company”) has completed closing of its non-br okered private placement of units at $0.05 per
unit announced on August 3, 2016 and updated on September 6, 2016, October 28, 2016 and
December 28, 2016. Each unit consists of one comm on share and one share purchase warrant.
Each warrant entitles the holder to purchase an additional common share at $0.075 in the first
year and at $0.10 in the second year.
The first tranche consisted of 2,050,000 units for gross proceeds of $102,500.00 (300,000 units
were non-flow-through units for proceeds of $15,000 and 1,750,000 units were flow-through
units for proceeds of $87,500). A finder’s fee of $6,125 and 122,500 finder’s warrants was paid
with respect to the first tranche to PI Financial Corp. Each finder’s warrant entitles the holder to
purchase a non-flow-through unit with the same terms as the private placement units at $0.05 per
unit for two years. The shares issued are subject to a four month hold dated February 25, 2017.
The final tranche consisted of 1,380,000 units for gross proceeds of $69,000 (160,000 units were
non-flow-through units for proceeds of $8,000 a nd 1,220,000 units were flow-through units for
proceeds of $61,000). A finder’s fee of $4,095.00 and 81,900 finder’s warrants was paid with
respect to the final tranche to PI Financial Co rp. Each finder's warran t entitles the holder to
purchase a non-flow-through unit with the same terms as the private placement units at $0.05 per
unit for two years.
All shares issued in the final tranche will be subject to a four month hold dated April 30, 2017.
The flow-through funds raised are for explorati on on the Company’s Miner Mountain Project.
The non-flow-through units will be used for work ing capital. The Company fully expects to
spend the funds as stated.
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration
project near Princeton, British Co lumbia. The property is 2,056.54 he ctares in size and located
15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining
Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper
Similkameen Indian Band, in whose Traditional Territory the Miner Mountain Project is situated.
Sego has received an Award of Excellence for its reclamation work at Miner Mountain.
For further information please contact the Company’s CEO, J. Paul Stevenson at 604-682-
2933or [email protected] .
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 developme nts that the Company exp ects are forward-looking
statements. Although the Company believes the expectatio ns 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. Fact ors 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 financin g, general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the forward-looking statements.