Sego to issue flow-through shares in financing

Sep 7, 2016

SEGO RESOURCES ANNOUNCES FLOW THROUGH COMPONENT OF FINANCING

Sego Resources Inc., as announced in its news release dated Aug. 3, 2016, is proposing to raise up to $600,000 by way of a non-brokered private placement of units at a price of five cents per unit. Subject to certain limitations discussed in the news release of Aug. 3, 2016, the offering is open to all existing Sego shareholders and others utilizing available exemptions. A portion of this financing will be issued as flow-through shares at the same terms as the non-flow-through shares.

The company intends to use proceeds raised from the sale of flow-through shares for diamond drilling on the Miner Mountain project near Princeton, B.C.

Insiders may participate in the placement, and finders’ fees may 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 four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

There is no material change about the company that has not been generally disclosed.

Sego is the 100-per-cent owner of the Miner Mountain project, a 2,056.54-hectare alkalic copper-gold porphyry exploration project near Princeton, B.C. Sego has a memorandum of understanding with the Upper Similkameen Indian Band, in whose traditional territory the Miner Mountain project is situated. Sego holds a five-year exploration permit for the property.

http://www.segoresources.com/newsnew.html