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Zodiac Gold Inc. Announces Strategic Debt Settlement and Warrant Amendment

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Zodiac Gold Inc ( (TSE:ZAU) ) has provided an announcement.

Zodiac Gold Inc. has announced a new debt settlement plan to issue 3,474,429 common shares at C$0.07 per share to settle C$243,210 of outstanding debt, subject to necessary approvals. This move is aimed at preserving cash for working capital. Additionally, the company completed a prior debt settlement and amended the share purchase warrant price, reflecting strategic adjustments to enhance financial stability and shareholder value.

More about Zodiac Gold Inc

Zodiac Gold Inc. is a West-African gold exploration company focused on its flagship Todi Project in Liberia, a mining-friendly jurisdiction with large-scale gold deposits. The company is strategically positioned along the Todi Shear Zone, developing a district-scale gold opportunity with proven gold occurrences and several drill-ready targets.

YTD Price Performance: -25.00%

Average Trading Volume: 109,470

Technical Sentiment Consensus Rating: Strong Buy

For a thorough assessment of ZAU stock, go to TipRanks’ Stock Analysis page.

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