Zodiac Gold Inc (TSE:ZAU) has released an update.
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Zodiac Gold Inc., a West-African gold exploration company, has successfully completed the first tranche of its non-brokered private placement, raising CAD$301,740 to fund its Todi gold project and for general working capital. Investors received units priced at CAD$0.10, which included a common share and a purchase warrant, with the warrants exercisable at CAD$0.20 for two years post-closing. The transaction, which includes insider participation, is subject to a four-month hold period and awaits final TSXV approval.
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