Zodiac Gold Inc. has closed an upsized listed issuer financing exemption offering for gross proceeds of $6.1 million, issuing 30.5 million units at $0.20 per unit, each consisting of one common share and a half warrant with an exercise price of $0.30.
The Canadian based company plans to use the net proceeds to accelerate exploration and drilling across its portfolio of Liberian gold assets, reinforcing its strategy to advance what it describes as one of West Africa’s more compelling emerging gold districts, while a syndicate of dealers received cash finder’s fees and compensation warrants as part of the financing structure.
Zodiac Gold Inc. is a West African gold exploration company listed on the TSX Venture Exchange and focused on its flagship Todi Gold Project in Liberia.
The Todi Gold Project is located in Todee District, Montserrado County, approximately 13 km north of Monrovia
Positioned along the Todi Shear Zone, the company is pursuing a district-scale gold opportunity with additional iron ore potential across a 2,316 km² land package that has already returned high-grade gold intercepts from initial drilling on some of its five drill-ready targets.
In Oct. 2025 Avesoro, submitted proposal to Zodiac to acquire the Todi gold project, paying $200,000 upfront as part of talks to secure a 30-day exclusivity period. Todi is about 30 Kilometers from Avesoro’s New Liberty and Ndablama mines. Status of the negotiation remains unclear.
