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An announcement from Zodiac Gold Inc ( (TSE:ZAU) ) is now available.
Zodiac Gold Inc. has entered into an Exclusivity Agreement with Avesoro Resources Inc., the largest gold mining company in Liberia, to potentially transfer its Todi Project exploration licenses. The agreement includes a US$200,000 payment for a 30-day exclusivity period to finalize a definitive agreement, which could significantly impact Zodiac Gold’s operations by leveraging Avesoro’s expertise and resources. This strategic move could enhance Zodiac Gold’s industry positioning by aligning with a leading gold producer in West Africa, potentially benefiting stakeholders through shared development of the Todi Project.
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 is strategically positioned along the Todi Shear Zone, aiming to develop a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316 km2 land package.
Average Trading Volume: 169,714
Technical Sentiment Signal: Buy
Learn more about ZAU stock on TipRanks’ Stock Analysis page.