Sego Resources Inc. announced a non-brokered private placement of up to 10,000,000 critical minerals flow-through units at a price of CAD 0.04 per unit for the gross proceeds of CAD 400,000 and up to 5,000,000 non-flow-through units at a price of CAD 0.02 per unit for the gross proceeds of CAD 100,000 for the aggregate gross proceeds of CAD 500,000 on November 14, 2023. Each flow-through unit consist of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at CAD 0.08 for two years from closing of the private placement.

Each non flow-through unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at CAD 0.05 for two years from the closing of the private placement. The placement may close in several tranches and insiders may participate in the private placement.

Finder's fees may be payable on all or a portion of the offering and will consist of a cash fee of 7% and a broker's warrant where applicable. 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.