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Zodiac Gold Inc ( (TSE:ZAU) ) has issued an update.
Zodiac Gold Inc. has announced a new financing initiative aimed at raising up to C$1,000,000 through a private placement of units priced at C$0.07 each, which includes common shares and purchase warrants. The proceeds from this financing will be used to continue exploration at their gold projects in Liberia and for general working capital. Additionally, the company is amending the exercise price of previously issued warrants as part of its strategic financing adjustments, pending necessary approvals from the TSX Venture Exchange. This move is expected to support its ongoing exploration activities and strengthen its financial position in the competitive gold exploration market.
More about Zodiac Gold Inc
Zodiac Gold Inc. is a West-African gold exploration company primarily focusing on projects in the Republic of Liberia, West Africa. The company is engaged in gold exploration at its flagship Todi Gold Project and other licenses including Bomi South and Bong West.
YTD Price Performance: -6.25%
Average Trading Volume: 72,059
Technical Sentiment Consensus Rating: Strong Buy
For a thorough assessment of ZAU stock, go to TipRanks’ Stock Analysis page.