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Zodiac Gold Announces Closing of Upsized LIFE Offering for Gross Proceeds of $6.1 Million
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Zodiac Gold Inc. (TSXV: ZAU)&#...
About this update from Zodiac Gold Inc
[{"type":"text","content":"Zodiac Gold Announces Closing of Upsized LIFE Offering for Gross Proceeds of $6.1 MillionVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (\"Zodiac Gold\" or the \"Company\"), a West African gold exploration company, is pleased to announce that it has successfully closed its previously announced listed issuer financing exemption offering (the \"Offering\") for aggregate gross proceeds of $6.1 million, issuing 30,500,000 units (\"Units\") at a price of $0.20 per unit following strong and continued investor demand. Each Unit is comprised of one common share of the Company (a \"Common Share\") and one-half of one non-transferable common share purchase warrant at an exercise price of $0.30 for 36 months from the date of closing of the Offering. The net proceeds from the Offering will be used to advance the Company's exploration programs across its portfolio of gold assets in Liberia, including continued drilling and technical work, as well as for general working capital purposes.\"This financing is a major validation of Zodiac Gold's strategy, assets, and team,\" said David Kol, Chief Executive Officer of Zodiac Gold. \"The level and quality of demand we saw speaks to the scale of our opportunity in Liberia and the growing recognition that Zodiac Gold controls one of the most compelling emerging gold districts in West Africa. With this capital secured, we are funded to aggressively advance drilling and unlock value across our portfolio.\"The Units distributed in connection with the Offering were issued and sold pursuant to the \"Listed Issuer Financing Exemption\" available under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Exemption\"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Units issued under the Offering are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. In connection with the Offering, the Corporation intends to pay cash fees and issue compensation warrants (\"Compensation Warrants\") to finders as follows: $56,940 and 284,700 Compensation Warrants to Canaccord Genuity Corp.; $6,000 and 30,000 Compensation Warrants to Ventum Financial Corp.; $30,000 and 150,000 Compe...