Sego Resources Inc. (TSXV:SGZ) announced a non-brokered private placement of up to 7,200,000 units at a price of CAD 0.035 per unit for gross proceeds of CAD 252,000 on January 19, 2021. The transaction may include participation from insiders along with all interested existing shareholders and non-accredited non-shareholders. Each unit will consist of one common share and one warrant. Each warrant will entitle the investor to acquire one common share at CAD 0.06 for two years from the closing of the transaction. The transaction may close in tranches. The transaction is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange and other customary conditions. The securities issued in the transaction are subject to a hold-up period of four months from date of closing. The company may pay finder's fee of 7% and a broker's warrant where applicable, which will entitle the holder to subscribe for one common share for two years from the closing date of the offering at CAD 0.06. The aggregate subscription cost to the shareholder for the units subscribed under the existing shareholder exemption cannot exceed CAD 15,000 or 300,000 units.