Segue Resources (ASX:SEG) is giving shareholders more time to...

Segue Resources (ASX:SEG) is giving shareholders more time to acquire up to $2 million worth of shares priced at $0.003 under its Share Purchase Plan.

On 22nd June 2015, the company offered shareholders up to $15,000 worth of shares under the SPP. This has now being extended to Friday, 14th August 2015.

The SPP includes 1 free attaching option exercisable at $0.01 on or before 31st July 2017 for every two shares subscribed.

Shares in the company last traded at $0.003.

Along with the $500,000 raised through a private placement in June, proceeds will be used to fund exploration and drilling at the Plumridge Nickel Project in the Fraser Range Province, Western Australia.

Drilling is currently underway on high priority targets. This includes targets that will be drill-tested to confirm the presence of mafic-ultramafic intrusions.

Segue has a 100% interest in the project, which is prospective for massive nickel sulphide deposits and was previously been explored for gold with several prospects.

Plumridge covers over 10% of the Gravity High which represents the area of greatest nickel prospectivity.

 

Managing director Steven Michael will present at Proactive Investor's Sydney, Melbourne Investor Luncheons in August.

Click here to register for the Sydney Luncheon on Tuesday 4th August or here for the Melbourne Luncheon on Wednesday 5th August.