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Zodiac Gold Inc ( (TSE:ZAU) ) has shared an update.
Zodiac Gold Inc. has announced an upsizing of its non-brokered private placement from CAD $1,000,000 to approximately CAD $1,107,926 due to strong investor demand. The funds will be used to advance exploration activities, support corporate development, and provide general working capital. This move reflects growing confidence in the company’s exploration strategy and is expected to bolster its growth objectives, with the private placement anticipated to close by the end of April 2025, pending regulatory approvals.
More about Zodiac Gold Inc
Zodiac Gold Inc. is a West-African gold exploration company focused on its flagship Todi Project in Liberia, a region known for its mining-friendly environment and large-scale gold and iron ore deposits. The company is strategically positioned along the Todi Shear Zone, aiming to develop a district-scale gold opportunity with additional iron ore potential across a 2,316 km2 land package.
YTD Price Performance: -18.75%
Average Trading Volume: 168,120
Technical Sentiment Signal: Strong Buy
For an in-depth examination of ZAU stock, go to TipRanks’ Stock Analysis page.