Zodiac Gold increases offering to maximum of $5-million

Executive Summary

• Zodiac Gold Inc. has upsized its Listed Issuer Financing Exemption (LIFE) offering from gross proceeds of up to $4 million to up to $5 million due to strong investor demand.
• The offering consists of units priced at $0.20 each, with each unit comprising one common share and one-half of one non-transferable warrant.
• Proceeds will primarily fund diamond drilling at the Ben Ben target within the Todi gold project in Liberia, alongside other exploration and working capital needs.

Key Details

• Offering Size: Upsized from $4 million to $5 million gross proceeds.
• Unit Price: $0.20 per unit.
• Unit Composition:
  • One common share.
  • One-half of one non-transferable common share purchase warrant.
• Warrant Terms:
  • Exercisable for 36 months from the closing date.
  • Exercise price: $0.30 per warrant share.
• Closing Schedule: Expected to close in tranches, with final closing no later than January 30, 2026.
• Regulatory Status: Amended and restated offering document filed on SEDAR+; subject to TSX Venture Exchange approval.
• Use of Proceeds:
  • Primary: Funding diamond drilling program at the Ben Ben target (Todi gold project, Liberia).
  • Secondary: Exploration activities, technical studies, and general working capital.
• Fees: Finder's fees payable to eligible finders in accordance with TSXV policies.

Notable Quotes

• None provided in the text.