Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Financings Routine +

Zodiac Gold Increases Non-Brokered Private Placement up to C$5 Million

Zodiac upsizes financing to fund the Todi drilling campaign, targeting high-grade intersections across the deposit.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 07:01 ZAU · 0.33 Zodiac Gold Inc.
Executive Summary
  • On June 9, 2026, Zodiac Gold Inc. announced an increase to its non-brokered private placement, raising the target from C$4.025 million to C$5.0 million.
  • The offering consists of up to 14,285,714 units priced at C$0.35 per unit.
  • Each unit comprises one common share and one-half of a common share purchase warrant.
  • Warrants carry an exercise price of C$0.54 and a 24-month term, with an acceleration clause if the 30-day VWAP exceeds C$0.65 after four months.
  • Net proceeds will fund the expansion of the drill program at the Todi Gold Project (specifically the Ben Ben area), advance exploration across licenses, and support working capital.
  • Anticipated closing is June 19, 2026, subject to TSXV approval.
  • Insider participation is expected, structured as a related-party transaction under MI 61-101, capped at 25% of market cap.
Material Impact
  • The upsizing from C$4.025M to C$5.0M reflects strong investor demand and management's confidence in funding the aggressive 14,000m drilling program without delay.
  • The financing is dilutive but necessary to de-risk the Arthington and Ben Ben targets ahead of the planned Q4 2026 resource estimate.
  • The warrant terms are standard for TSX Venture explorers, providing upside participation for investors while capping immediate equity dilution.
  • The news aligns with the company's stated exploration strategy and does not introduce new operational risks or changes to the geological thesis.
ZAU · Price
Company Overview
  • Zodiac Gold Inc. is a West African gold explorer focused on the Todi Gold Project in Liberia.
  • The company holds a 2,316 km² land package along the Todi Shear Zone, a proven gold-bearing structural corridor.
  • Flagship targets include Arthington, Ben Ben, Youth Camp, and Feh Feh.
  • Arthington has yielded high-grade intersections (e.g., 18m @ 4.67 g/t Au) across 37 of 39 drill holes, confirming a continuous mineralized corridor.
  • Ben Ben represents a new district-scale target with trenching and drilling showing broad, low-to-moderate grade mineralization with high-grade shoots.
  • The company also holds iron ore prospects at Bomi South and Bong West, with a non-binding term sheet signed with Vitol for marketing and pre-payment facilities.
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