Zodiac Gold Closes Oversubscribed C$5.6 Million Private Placement
Zodiac Gold Inc. (TSXV: ZAU) closed an oversubscribed non-brokered private placement of 16 million units at C$0.35 each for gross proceeds of C$5.6 million on June 23. The offering remains subject to final TSX Venture Exchange approval.
Zodiac Gold Inc. (TSXV: ) (OTCQB: ) closed a non-brokered private placement of 16,000,000 units at C$0.35 per unit for gross proceeds of C$5,600,000 [1]. The West African gold exploration company announced June 23 that the offering closed on an oversubscribed basis due to strong investor demand and remains subject to final approval of the TSX Venture Exchange [1].
The company originally announced the private placement June 4, with subsequent updates June 9 and June 17 before closing [1]. Each unit consists of a common share and warrant structure typical of venture-stage resource financings, though the exact warrant terms were not disclosed in the closing announcement.
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