Business
Zodiac Gold Announces Non-Brokered Private Placement for up to C$4.025 Million
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company") a
About this update from Zodiac Gold Inc
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company") a West-African gold exploration company, is pleased to announce an offering of units of the Company (the "Units"), on a non-brokered private placement basis, for aggregate proceeds of up to C$4,025,000 (the "Offering"). The Offering is being led by insiders and existing shareholders of the Company. The net proceeds of the Offering will be used to expand its drill program at the Todi Gold project, advance exploration across its exploration licenses and for working capital purposes. Closing of the Offering is anticipated to be completed on or about 45 days or such other date or dates that the Company may determine and may occur in tranches. Offering In connection with the Offering, the Company intends to issue up to 11,500,000 Units at a price of C$0.35 per Unit (the "Issue Price"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one (1) Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share. The Warrants will be subject to an accelerated expiry provision such that if, during a period of 30 consecutive trading days between the date that is four months following the issuance of the Warrant and the expiry of the Warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the "TSXV") (or such other stock exchange where the majority of the trading volume occurs) exceeds C$0.65, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time. All securities issued pursuant to the Offering, including any Common Shares issuable upon exercise of the Warr...