Zodiac Gold Inc announced a non-brokered private placement basis to issue 10,000,000 Units at a price of CAD 0.10 per Unit for gross proceeds CAD 1,000,000 on May 6, 2024. The Offering is being led by insiders and existing shareholders of the Company, who are expected to subscribe for approximately CAD 500,000 (50%) of the total funds raised. Each Unit will consist of one common share of the Company and one Common Share purchase warrant.

Each Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD 0.20 per Warrant Share for a period of 24 months following the closing of the Offering. The transaction is Subject to the approval of the TSX Venture Exchange in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants. Closing of the Offering is anticipated to be completed on or about May 17, 2024, or such other date or dates that the Company may determine and may occur in tranches.

Closing is subject to the receipt of all necessary approvals from the TSXV.