Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
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.

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