Business
Sego Resources Inc. - Miner Mountain Property Payments Complete
Sego Resources Inc. - Miner Mountain Property Payments Complete
About this update from Sego Resources Inc.
[{"type":"text","content":"\nSego Resources Inc. - Miner Mountain Property Payments Complete\n\n\n Jun. 22, 2009 (Baystreet.ca) -- VANCOUVER -- Sego Resources (TSX.V: SGZ) 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.\n\nSego 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. \n> \n\"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 mate...