Board Change • Jun 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Felix Grabher was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.49m market cap, or US$5.28m). Announcement • Jun 06
Sego Resources Inc. announced that it has received CAD 1.06 million in funding On June 5, 2026, Sego Resources Inc. closed the transaction. The company issued 21,200,000 common shares at CAD 0.05 per share for gross proceeds of CAD 1,060,000. The financing was oversubscribed due to investor demand. The closing of the placement is subject to receipt of approval of the TSX-V. There were no warrants attached to the private placement. Finder's fees paid on the placement consisted of CAD 52,500 and 1,050,000 share purchase warrants. The non-transferable share purchase warrants are exercisable at CAD 0.05 for one year. Eliot Strashin, an insider of the Company by right of holding >10% of the issued and outstanding shares of the Company, participated in the private placement for 2,000,000 common shares. A director of the Company, J Paul Stevenson, participated for 1,000,000 common shares. Al of the securities sold pursuant to the offering will be subject to a four-month-and-one-day hold period from the date of closing. The hold period will expire on October 6, 2026. 
