VANCOUVER, June 22 /CNW/ - Sego Resources has completed the third and
final payment of cash and shares to the vendors of the Miner Mountain
Property. A further payment of 300,000 shares is payable upon the completion
of a positive feasibility study and there is a 3% net smelter return to the
vendors of which one-half of the net smelter return can be purchased by Sego
for the sum of $1,500,000.00. The complete agreement can be found on Sedar.
Sego Resources Inc.'s primary project is the Miner Mountain Project, a
Copper Gold Porphyry project near Princeton, B.C., 15 kilometres north of
Copper Mountain Mining Corporation's former copper producer, which closed in
1996. Copper Mountain Mining Corporation is planning to restart production
following its recent feasibility study. The Miner Mountain Project is situated
within the Traditional Territory of the Upper Similkameen Indian Band, with
whom Sego has a Comprehensive Memorandum of Understanding. The MOU was signed
September 28, 2007 to enable exploration and potential future mine development
of the Property. The Miner Mountain property is 2400 hectares in size.
J. Paul Stevenson, CEO
Sego Resources Inc.
"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 are 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."
For further information:
For further information: SEGO RESOURCES INC., Suite 211-744 West
Hastings Street, Vancouver, BC, V6C 1A5, Tel: (604) 682-2933, Toll Free:
1-866-683-2933, Fax: (604) 683-3911, www.segoresources.com