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An update from Zodiac Gold Inc ( (TSE:ZAU) ) is now available.
Zodiac Gold Inc. announced the successful closing of an oversubscribed non-brokered private placement, raising CAD$1,152,926.62, exceeding its original target due to strong investor demand. The funds will be used to advance exploration and drilling at the Todi Gold Project, which shows promising high-grade gold potential. The offering involved the issuance of 16,470,380 units, each consisting of one common share and one warrant, and was completed without finder fees. This financing highlights strong investor confidence and supports the company’s commitment to unlocking the district-scale opportunity at Todi.
More about Zodiac Gold Inc
Zodiac Gold Inc. is a West-African gold exploration company focused on its flagship Todi Project in Liberia. The company operates in a politically stable, mining-friendly jurisdiction known for large-scale gold and iron ore deposits. Zodiac Gold is strategically positioned along the Todi Shear Zone, developing a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316 square kilometer land package.
Average Trading Volume: 179,653
Technical Sentiment Signal: Buy
For detailed information about ZAU stock, go to TipRanks’ Stock Analysis page.