en.Wedoany.com Reported - Zodiac Gold Inc. (TSX.V: ZAU; XFRA: ZAU; OTCQB: ZAUIF) has increased the total gross proceeds of its non-brokered private placement from C$4.025 million to C$5 million, driven by strong investor demand. The company plans to close the offering on or before June 19, 2026, with proceeds allocated to expanding the drilling program at the Todi Gold Project in Liberia, advancing exploration across its 2,316-square-kilometer license area, and supplementing working capital.
Under the revised offering, Zodiac will issue up to 14,285,714 units at C$0.35 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at C$0.54 per share for up to two years from the date of issuance. The warrants include an acceleration clause: if, four months after the warrant issuance, the 30-day volume-weighted average trading price exceeds C$0.65, the company shall issue a notice to accelerate the expiry date, giving holders 30 days to exercise, after which unexercised warrants will expire at 4:00 p.m. Vancouver time on the specified date. A certain number of insiders are expected to participate in the offering.
Zodiac Gold Inc. is a West African gold exploration company focused on the Todi Gold Project in Liberia. The company states that Liberia is a politically stable, mining-friendly country with a fast permitting process and strong political and social support.
The company's 2026 exploration strategy includes 3,600 meters of trenching and 14,000 meters of diamond drilling, currently being completed along the 16-kilometer Monterra trend from the Arthington discovery zone to Youth Camp. Concurrently, drone-based magnetic and LiDAR surveys are underway to optimize drill targets and support the planned mineral resource estimate. In the second half of 2026, the company will also follow up on soil geochemistry programs (10,500 samples) at the Bomi South and Bong West license areas, with mapping, trenching, and drilling as warranted.
On May 20, 2026, technical analyst Stewart Thomson assigned Zodiac a "Speculative Buy" rating, with a short-term target price of C$0.45, a medium-term target of C$0.75, and a long-term technical target of C$1.00. Thomson noted that early results appear to highlight the project's significant potential.
Gold, as a safe-haven asset, remains susceptible to inflation concerns and geopolitical uncertainties, exemplified by the ongoing war between the United States and Iran. In a May 29 article, Investing.com stated that investors worry rising oil and energy costs from the Middle East crisis could exacerbate inflationary pressures, forcing the Federal Reserve to maintain restrictive monetary policies. Spot gold opened trading on June 11, 2026, at US$4,063.50 per ounce, down 0.19%, following a sharp decline the previous week. Earlier this year, gold surged to an all-time high, reaching US$5,000 per ounce in January. S&P Global stated in April that gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risks helping to establish a price floor above recent correction lows. The World Bank Group forecasts a 17% increase in global metal prices overall in 2026, marking the first broad market rise since 2022.
Zodiac Gold Inc. has a market capitalization of C$50.97 million, with 164.42 million shares outstanding and a 52-week price range of C$0.05 to C$0.44. Management and insiders hold 33% of shares, institutions hold 9%, and retail investors hold 58%.
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