News Release August 3, 2016
Sego Resources Proposes $600,000 Private Placement

Sego Resources Inc. (“Sego” or the “Company”) is proposing to raise up to $600,000 by way of a non-brokered private placement of units at a price of $0.05 per unit.  Subject to certain limitations discussed below, the offering is open to all existing Sego shareholders.

The offering will consist of 12,000,000 units at a price of $0.05 per unit for gross proceeds of $600,000.  Each unit will consist of one common share and one two-year common share purchase warrant.  Each warrant will entitle the holder to purchase one share at a price of $0.075 in year one and $0.10 in year two.

The offering is open to all existing shareholders 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 August 2, 2016  held common shares of the Company and continue to hold common shares at the time of closing, an additional prospectus exemption is available pursuant to British Columbia Instrument 45-534 (and in similar instruments in other Provinces of Canada).  Unless such shareholder is a person that has obtained advice regarding the suitability of the investment and, if such shareholder is resident in a jurisdiction 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 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. 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 12,000,000 units for gross proceeds of $600,000.  The Company intends to use up to $450,000 for diamond drilling on the Miner Mountain Project, near Princeton, BC, and up to $150,000 for working capital.  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.

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

Insiders may participate in the placement and finder’s 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 4-month and one day hold period in accordance with applicable Canadian securities laws.

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 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 holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain.  

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 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 that actual results or developments may differ materially from those projected in the forward-looking statements.





News Release June 20, 2016

Sego Resources Inc. - Shares for Debt and Stock Options

Sego Resources Inc. (“Sego” or “the Company”) announces that the Company is proposing to issue shares for debt to certain non-arm’s length individuals and has granted stock options. 

Shares for Debt:

Sego proposes to issue 7,857,500 common shares at a price of $0.05 per share to settle debts totalling $392,875. Management of Sego are owed the following amounts:

J. Paul Stevenson owed from November, 2013 to May 31, 2016 management fees $3,000.00 per month totalling $93,000 plus geological consulting fees until March 2014 totalling $53,728.62; expenses incurred (rent, telephones, insurance) $107,633.22; GST $12,632.89; cash loans $44,127.15 (interest free) for a total of $311,121.88 of which $275,000.00 will be satisfied by shares for debt.

J. Allan Hilton owed from July 2014 to May 31, 2016 geological consulting fees $51,600.00, expenses of $6,357.23, cash loans (interest free) $37,500.00 for a total of $95,457.23 of which $95,450.00 will be satisfied by shares for debt.

Carta Exploration Ltd. (Selina Tribe, PhD P.Geo.) is owed geological consulting fees of $6,825.00, the total of which will be satisfied by shares for debt.

MBP Management Ltd. (Brent Petterson, CPA) is owed accounting fees of $15,600.00, the total of which will be satisfied by shares for debt.

Management believes that the proposed shares-for-debt is necessary to strengthen the Company’s balance sheet and thereby increase the attractiveness of the Company for future private placement financings.

The proposed shares-for-debt filing is subject to regulatory approval.  The shares issued would have a hold period of four months.

Stock Options:

Pursuant to the Company’s stock option plan, the Company has granted 3,998,575 stock options to directors, officers, employees and consultants exercisable at a price of $0.10 for a period of five years.  The issuance of stock options are subject to regulatory approval.

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 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 holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain. 

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 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 that actual results or developments may differ materially from those projected in the forward-looking statements.




Back to the top

Sego Resources Inc. - Shares for Debt and Stock Options

June 20, 2016 - Sego Resources Inc. (“Sego” or “the Company”) announces that the Company is proposing to issue shares for debt to certain non-arm’s length individuals and has granted stock options. 

Shares for Debt:

Sego proposes to issue 7,857,500 common shares at a price of $0.05 per share to settle debts totalling $392,875. Management of Sego are owed the following amounts:

J. Paul Stevenson owed from November, 2013 to May 31, 2016 management fees $3,000.00 per month totalling $93,000 plus geological consulting fees until March 2014 totalling $53,728.62; expenses incurred (rent, telephones, insurance) $107,633.22; GST $12,632.89; cash loans $44,127.15 (interest free) for a total of $311,121.88 of which $275,000.00 will be satisfied by shares for debt.

J. Allan Hilton owed from July 2014 to May 31, 2016 geological consulting fees $51,600.00, expenses of $6,357.23, cash loans (interest free) $37,500.00 for a total of $95,457.23 of which $95,450.00 will be satisfied by shares for debt.

Carta Exploration Ltd. (Selina Tribe, PhD P.Geo.) is owed geological consulting fees of $6,825.00, the total of which will be satisfied by shares for debt.

MBP Management Ltd. (Brent Petterson, CPA) is owed accounting fees of $15,600.00, the total of which will be satisfied by shares for debt.

Management believes that the proposed shares-for-debt is necessary to strengthen the Company’s balance sheet and thereby increase the attractiveness of the Company for future private placement financings.

The proposed shares-for-debt filing is subject to regulatory approval.  The shares issued would have a hold period of four months.

Stock Options:

Pursuant to the Company’s stock option plan, the Company has granted 3,998,575 stock options to directors, officers, employees and consultants exercisable at a price of $0.10 for a period of five years.  The issuance of stock options are subject to regulatory approval.



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 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 holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain. 

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 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 that actual results or developments may differ materially from those projected in the forward-looking statements.
Sego Resources Inc. - Shares for Debt and Stock Options

June 20, 2016 - Sego Resources Inc. (“Sego” or “the Company”) announces that the Company is proposing to issue shares for debt to certain non-arm’s length individuals and has granted stock options. 

Shares for Debt:

Sego proposes to issue 7,857,500 common shares at a price of $0.05 per share to settle debts totalling $392,875. Management of Sego are owed the following amounts:

J. Paul Stevenson owed from November, 2013 to May 31, 2016 management fees $3,000.00 per month totalling $93,000 plus geological consulting fees until March 2014 totalling $53,728.62; expenses incurred (rent, telephones, insurance) $107,633.22; GST $12,632.89; cash loans $44,127.15 (interest free) for a total of $311,121.88 of which $275,000.00 will be satisfied by shares for debt.

J. Allan Hilton owed from July 2014 to May 31, 2016 geological consulting fees $51,600.00, expenses of $6,357.23, cash loans (interest free) $37,500.00 for a total of $95,457.23 of which $95,450.00 will be satisfied by shares for debt.

Carta Exploration Ltd. (Selina Tribe, PhD P.Geo.) is owed geological consulting fees of $6,825.00, the total of which will be satisfied by shares for debt.

MBP Management Ltd. (Brent Petterson, CPA) is owed accounting fees of $15,600.00, the total of which will be satisfied by shares for debt.

Management believes that the proposed shares-for-debt is necessary to strengthen the Company’s balance sheet and thereby increase the attractiveness of the Company for future private placement financings.

The proposed shares-for-debt filing is subject to regulatory approval.  The shares issued would have a hold period of four months.

Stock Options:

Pursuant to the Company’s stock option plan, the Company has granted 3,998,575 stock options to directors, officers, employees and consultants exercisable at a price of $0.10 for a period of five years.  The issuance of stock options are subject to regulatory approval.



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 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 holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain. 

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 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 that actual results or developments may differ materially from those projected in the forward-looking statements.
Sego Resources Inc. - Shares for Debt and Stock Options

June 20, 2016 - Sego Resources Inc. (“Sego” or “the Company”) announces that the Company is proposing to issue shares for debt to certain non-arm’s length individuals and has granted stock options. 

Shares for Debt:

Sego proposes to issue 7,857,500 common shares at a price of $0.05 per share to settle debts totalling $392,875. Management of Sego are owed the following amounts:

J. Paul Stevenson owed from November, 2013 to May 31, 2016 management fees $3,000.00 per month totalling $93,000 plus geological consulting fees until March 2014 totalling $53,728.62; expenses incurred (rent, telephones, insurance) $107,633.22; GST $12,632.89; cash loans $44,127.15 (interest free) for a total of $311,121.88 of which $275,000.00 will be satisfied by shares for debt.

J. Allan Hilton owed from July 2014 to May 31, 2016 geological consulting fees $51,600.00, expenses of $6,357.23, cash loans (interest free) $37,500.00 for a total of $95,457.23 of which $95,450.00 will be satisfied by shares for debt.

Carta Exploration Ltd. (Selina Tribe, PhD P.Geo.) is owed geological consulting fees of $6,825.00, the total of which will be satisfied by shares for debt.

MBP Management Ltd. (Brent Petterson, CPA) is owed accounting fees of $15,600.00, the total of which will be satisfied by shares for debt.

Management believes that the proposed shares-for-debt is necessary to strengthen the Company’s balance sheet and thereby increase the attractiveness of the Company for future private placement financings.

The proposed shares-for-debt filing is subject to regulatory approval.  The shares issued would have a hold period of four months.

Stock Options:

Pursuant to the Company’s stock option plan, the Company has granted 3,998,575 stock options to directors, officers, employees and consultants exercisable at a price of $0.10 for a period of five years.  The issuance of stock options are subject to regulatory approval.



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 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 holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain. 

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 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 that actual results or developments may differ materially from those projected in the forward-looking statements.