Northwire Canada EditionWednesday, November 4, 2026
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Financings Routine +

Zodiac Gold Announces Non-Brokered Private Placement for up to C$4.025 Million

Zodiac Gold secures C$4 million to fund drilling at its Todi project as shares consolidate near resistance levels.

By The Northwire Desk — AI Analysis Jun 04, 2026 · 08:01 ZAU · 0.38 Zodiac Gold Inc.
Executive Summary
  • Zodiac Gold Inc. announced a non-brokered private placement of up to 11,500,000 units at C$0.35 per unit, raising up to C$4,025,000 in gross proceeds.
  • Each unit comprises one common share and one-half common share purchase warrant, exercisable at C$0.54 per share for a 24-month term.
  • The offering includes an accelerated expiry provision if the TSXV VWAP exceeds C$0.65 for 30 consecutive trading days.
  • Proceeds will fund expansion of the drill program at the Todi Gold project, advance exploration across licenses, and support working capital.
  • The placement is led by company insiders and existing shareholders, subject to a 4-month and 1-day hold period.
Material Impact
  • The financing is a direct follow-up to the company's aggressive 14,000m drilling program announced in early 2026 and the $6.1M LIFE offering closed in January 2026.
  • Given the reported cash balance of only C$168,262 as of December 2025 and negative operating cash flow, this capital raise is a necessary and expected step to maintain exploration momentum.
  • The C$0.35 pricing sits at a modest discount to the recent trading range ($0.34–$0.38), which is standard for private placements and minimizes immediate market disruption.
  • While dilutive, the insider participation signals management confidence in the Todi project's near-term catalysts. The news does not alter the fundamental exploration thesis but secures the runway to test the Ben Ben and Arthington targets.
ZAU · Price
Company Overview
  • Zodiac Gold Inc. is an exploration-stage gold company focused on the Todi Gold Project in Liberia.
  • The flagship asset covers a 2,316 km² land package along the Todi Shear Zone, with a core area of 418 km².
  • Key targets include Arthington and Ben Ben, which have shown high-grade gold intersections in trenching and drilling (e.g., 18m @ 4.67 g/t Au at Arthington; broad zones at Ben Ben).
  • The company is in the early exploration phase, with no declared mineral resources yet. The focus is on de-risking the district-scale model and targeting a Q4 2026 resource estimate.
Read the original news release →

More from Zodiac Gold Inc.

Oct 06, 2026 · 07:01

Zodiac reports high-grade trench intersections at Feh Feh, extending the Lewis North trend to 3km.

Drill Results Sep 28, 2026 · 07:01

Zodiac soil surveys confirm gold and critical mineral anomalies across 530 km² at its project.

Drill Results Sep 15, 2026 · 07:01

Zodiac’s Lewis North trenching returned 58m at 3.15 g/t Au, extending the 1.8km gold trend.

Drill Results Sep 02, 2026 · 07:01

Lewis trenching confirms a second 1.8km gold trend at Monterra, advancing Zodiac’s exploration program.

Drill Results Aug 25, 2026 · 07:01

Todi trenching confirms broad gold zones across the 16km Monterra trend at Zodiac’s project.

Drill Results Jul 27, 2026 · 07:01

Zodiac Gold begins drilling at the Lewis target along the 16km Monterra Trend.

Drill Results