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Zodiac Gold Inc ( (TSE:ZAU) ) has issued an announcement.
Zodiac Gold Inc. has successfully closed the first tranche of its C$1,000,000 non-brokered private placement, raising approximately C$404,310. The funds will be used to advance the Phase III infill drill program at the Arthington target and further exploration across its licenses. This milestone supports Zodiac Gold’s efforts to unlock the potential of its Todi project, aiming to create long-term value for shareholders. The issuance included 5,775,857 units, each comprising one common share and one purchase warrant, with securities subject to a hold period. An insider’s participation in the offering was deemed a related party transaction but was exempt from certain regulatory requirements.
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 known for large-scale gold deposits. The company is strategically positioned along the Todi Shear Zone, developing a district-scale gold opportunity over a 2,316 km² land package with proven gold occurrences and multiple drill-ready targets.
YTD Price Performance: -31.25%
Average Trading Volume: 108,935
Technical Sentiment Consensus Rating: Strong Buy
For a thorough assessment of ZAU stock, go to TipRanks’ Stock Analysis page.