Sego Resources Plans $200,000 Financing - Drilling Delayed Due to Wildfire
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 PLANS $200,000 FINANCING - DRILLING DELAYED DUE TO
WILDFIRE
July 10, 2017 - Sego Resources Inc. (“Sego” or “the Company”) is proposing to raise up to
$200,000 by way of a non-brokered private pl acement of units at $0.05 per unit (“the
Offering”). Subject to certain li mitations discussed below, the Offering is open to all
existing Sego shareholders.
The Offering will consist of up to 4,000,000 units at $0.05 per unit for gross proceeds of up
to $200,000. Each unit will consist of one comm on share and one two-year share purchase
warrant. Each warrant will entitle the hold er to purchase one common share at $0.075 in
year one or at $0.10 in year two.
The Offering is open to all existing sha reholders of the Company, and all interested
investors, provided that a prospectus exemption is available for the Company to issue units
to such investors. For existing shareholders who as of the close of business on July 10, 2017
held common shares of the Company and conti nue to hold common shares at the time of
closing, an additional prospectus exemptio n is available pursuant to British Columbia
Instrument 45-534 (and in simila r instruments in other Provinces of Canada). Unless such
shareholder is a person that has obtained advi ce regarding the suitability of the investment
and, if such shareholder is resident in a ju risdiction of Canada, that advice has been
obtained from a person that is registered as an investment dealer in such jurisdiction, the
aggregate subscription cost to such shareholder for the units subscribed under the Existing
Shareholder Exemption cannot exceed $15,000 or 300,000 units.
The Company will also utilize British Columbia Instrument 45-536 which opens private
placements to non-accredited investors pr ovided 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. 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 4,000,000 uni ts for gross proceeds of up to $200,000. The
Company intends to use proceeds of $125,000 for diamond drilling on the Miner Mountain
Project, and $75,000 for working capital. The Company fully expects to spend the funds as
stated.
Insiders may participate in th e placement and finder’s fees m ay be payable in accordance
with the policies of the TSX Venture Exchange. All securities issued in connection with the
private placement are subject to a 4-month a nd one day hold period in accordance with
applicable Canadian securities laws.
Drilling on the Miner Mountain Alkalic Copper- Gold Porphyry Project, near Princeton,
BC, has been delayed due to a nearby wildfire and extreme fire conditions. The situation is
being closely monitored and drilling will begin as soon as possible.
There is no material change about the Company that has not been generally disclosed.
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry
exploration project near Princeton, British Columbia. The property is 2,056.54 hectares in
size and located 15 kilometres north of th e Copper Mountain Mine operated by Copper
Mountain Mining Corporation and Mitsubish i Materials Corporation. Sego has a
Memorandum of Understanding with the U pper Similkameen Indian Band, on whose
Traditional Territory the Miner Mountain Project is situated.
For further information please contact:
J. Paul Stevenson, CEO (604) 682-2933
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 Comp any believes the expectations expressed in su ch forward-looking statements are based on
reasonable assumptions, statements are not guarantees of future performance and act ual 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.