Sego Intends to Extend Warrants

Rhea-AI Summary

Sego Resources (OTC: SGOZF) intends to extend expiry of 8,075,000 share purchase warrants from May 1, 2026 to November 1, 2026. Each warrant remains exercisable for one common share at $0.05 and all other terms stay unchanged. The extension is subject to TSX Venture Exchange approval.

The company also states there is no material change about the issuer that has not been generally disclosed and provides a CEO contact for further information.

Positive

• Extension delays potential dilution until Nov 1, 2026
• Warrant terms unchanged: $0.05 strike for one share each

Negative

• Up to 8,075,000 warrants could dilute existing shareholders if exercised
• Extension may postpone cash inflows from warrant exercises until November 2026

News Market Reaction – SGOZF

-12.50%

1 alert

-12.50% News Effect

On the day this news was published, SGOZF declined 12.50%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company"), announces it is intending to extend the expiry date of 8,075,000 share purchase warrants (the "Warrants") that were issued as part of a private placement completed on May 1, 2024 (see news release dated May 2, 2024). The original term of each Warrant entitled the holder to purchase one common share in the capital of the Company at a price of $0.05 with an expiry date of May 1, 2026. The Company is intending to extend the expiry date to November 1, 2026. All other terms of the Warrants will remain the same. The extension is subject to TSX Venture Exchange Approval.

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

For further information please contact:
J. Paul Stevenson, CEO, Director

(604) 682-2933 email: ceo@segoresources.com

About the Project
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry and gold exploration project located near Princeton, British Columbia. The property is 2,056 hectares in size and is 15 km north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain Project is situated. Sego has received an Award of Excellence for its reclamation work on the Miner Mountain Project.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293546

FAQ

What change did Sego (SGOZF) announce about warrants on April 21, 2026?

The company intends to extend warrant expiry from May 1, 2026 to November 1, 2026. According to the company, 8,075,000 warrants issued May 1, 2024 keep the same $0.05 exercise price and unchanged terms, subject to TSXV approval.

How many warrants will be affected by Sego's (SGOZF) extension and what is the strike price?

8,075,000 warrants are covered by the extension, each exercisable at $0.05. According to the company, these warrants were issued in a May 1, 2024 private placement and otherwise remain unchanged.

When does the warrant extension for Sego (SGOZF) take effect and who must approve it?

The intended new expiry date is November 1, 2026, subject to approval by the TSX Venture Exchange. According to the company, the extension requires formal exchange consent before becoming effective.

What does the warrant extension mean for Sego (SGOZF) shareholders?

Shareholders face delayed potential dilution because warrant expiry moves to Nov 1, 2026, postponing exercises. According to the company, all exercise terms remain at $0.05, so dilution magnitude stays tied to 8,075,000 warrants.

Will the warrant extension change the economic terms for Sego (SGOZF) warrant holders?

No; the company says all other warrant terms remain the same, including the $0.05 exercise price. According to the company, only the expiry date is intended to be extended to November 1, 2026.

Is Sego (SGOZF) reporting any undisclosed material change alongside the warrant extension?

The company states there is no material change about the issuer that has not been generally disclosed. According to the company, the announcement only concerns the intended warrant expiry extension and TSXV approval.