Northwire Canada EditionFriday, July 10, 2026
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GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0% GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0%
Financings Routine +

Zodiac Gold Further Increases Non-Brokered Private Placement up to C$5.6 Million

Zodiac Gold upsized its C$5.6 million financing to fund drilling at the Todi project as shares consolidate near key resistance levels.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 08:01 ZAU · 0.33 Zodiac Gold Inc.
Executive Summary
  • Zodiac Gold Inc. announced an increase in its non-brokered private placement to raise up to C$5,600,000 in aggregate gross proceeds.
  • The offering consists of up to 17,142,857 units priced at C$0.35 per unit.
  • Each unit comprises one common share and one-half common share purchase warrant.
  • Warrants carry a C$0.54 exercise price and a 24-month term, subject to 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, advance exploration across licenses, and support working capital.
  • Closing is anticipated around June 19, 2026, subject to regulatory approvals.
  • Directors and officers are expected to participate, constituting a related-party transaction under MI 61-101.
Material Impact
  • This release is a direct follow-up to the June 4 and June 9, 2026 announcements, reflecting continued demand and the need to fully capitalize the 14,000m drilling campaign.
  • The upsizing from C$5.0M to C$5.6M demonstrates strong insider and existing shareholder confidence, aligning with the company's stated exploration strategy.
  • The dilution is incremental and expected given the capital-intensive nature of the current drilling phase.
  • The terms (C$0.35 price, C$0.54 warrant strike) are consistent with recent market pricing and prior financings, indicating no distress discount.
  • The news is in line with previous expectations and does not alter the fundamental exploration thesis.
ZAU · Price
Company Overview
  • Zodiac Gold Inc. is an exploration-stage gold company focused on the Todi Gold Project in Liberia.
  • The project encompasses a 2,316 km² land package along the Todi Shear Zone.
  • Flagship targets include the Arthington discovery and the Ben Ben target, which lies 1.3 km southwest of Arthington.
  • Drilling has confirmed a 16 km gold-in-soil corridor with high-grade intercepts in sheared amphibolite and melanocratic gneiss.
  • The company is executing a 14,000m drilling program and 3,600m trenching program to define a district-scale gold system.
  • A mineral resource estimate is targeted for Q4 2026.
Read the original news release →

More from Zodiac Gold Inc.

Jun 25, 2026 · 07:01

Zodiac secures $5.6m to expand its 3,000m drilling program at Arthington on Liberia’s Monterra trend.

Drill Results Jun 24, 2026 · 18:31

Zodiac Gold Announces Update to Closing of Non-Brokered Private Placement

Financings Jun 23, 2026 · 08:01

Zodiac Gold secured c$5.6m to fund an aggressive drilling campaign at its Todi project as part of a district-scale exploration push.

Financings Jun 09, 2026 · 07:01

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

Financings Jun 04, 2026 · 08:01

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

Financings Jun 01, 2026 · 08:01

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Management