Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.