Sego Resources Announces Changes to the Board of Directors

Rhea-AI Summary

On July 9, 2024, Sego Resources (TSXV: SGZ, OTC Pink: SGOZF) announced changes to its board of directors. Sven Gollan has resigned due to his commitments as CEO of Teako Minerals. Sego has appointed Paul McGroary, an experienced director from Copper Lake Resources, to the board. McGroary brings over 30 years of experience in mining exploration, oil, and marketing technologies. The board expressed gratitude for Gollan's contributions and looks forward to McGroary's input.

Positive

• Appointment of Paul McGroary brings 30 years of diverse industry experience.
• McGroary's background in mining exploration and technology sectors could benefit Sego Resources.

Negative

• Resignation of Sven Gollan may cause concerns about leadership stability.

Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - Sego Resources Inc. (TSXV: SGZ) (OTC Pink: SGOZF) ("Sego" or "the Company") has accepted the resignation of Sven Gollan from the board of directors of the Company. Mr. Gollan felt that he could not fulfill his duties as a director of Sego in the manner which he would like due to the extensive demands on his time as CEO of Teako Minerals Corp. Sven will maintain contact with Sego as a friend to and investor in the Company.

The Board of Directors of Sego has appointed Mr. Paul McGroary to the board and welcomes his input. Mr. McGroary is an active director of Ontario based VMS Copper Zinc explorer Copper Lake Resources Ltd. Paul has broad business experience and over the last thirty years has been involved with a broad range of public and private companies spanning mining exploration, oil and marketing technology sectors.

The directors of Sego welcome Mr. McGroary to the board and wish Sven success in his efforts to further advance Teako Minerals Corp.

For further information please contact:
J. Paul Stevenson, CEO (604) 682-2933

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/215997

FAQ

Why did Sven Gollan resign from Sego Resources' board?

Sven Gollan resigned due to the extensive demands on his time as CEO of Teako Minerals, which prevented him from fulfilling his duties at Sego Resources.

Who has been appointed to the board of Sego Resources after Sven Gollan's resignation?

Paul McGroary, an active director of Copper Lake Resources and experienced in mining exploration, has been appointed to Sego Resources' board.

What is the experience of Paul McGroary in the industry?

Paul McGroary has over 30 years of experience in mining exploration, oil, and marketing technologies, having worked with various public and private companies.

How might Paul McGroary's appointment impact Sego Resources (SGOZF)?

Paul McGroary's extensive industry experience could bring valuable insights and potentially benefit Sego Resources' strategic direction and operations.