Zodiac Gold Enters into Market-Making Services Agreement
Zodiac Gold Enters into Market-Making
Services Agreement
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - Zodiac Gold Inc. (TSXV: ZAU)
("
Zodiac Gold
" or the "
Company
"), a West-African gold exploration company, ") is pleased to
announce it has entered into a Market-Making Services Agreement (the "
Agreement
") with Velocity
Trade Capital Ltd. ("
Velocity Trade
") on September 3, 2024, to provide market-making services in
accordance with TSX Venture Exchange ("
TSXV
") policies and applicable laws. Velocity Trade will
trade common shares in the capital of the Company (the "
Common Shares
") of the Company on the
TSXV with the objective of maintaining a reasonable market and improving the liquidity of the
Company's Common Shares.
Under the Agreement, Velocity Trade will receive compensation of CDN$6,500 per month, payable
monthly in advance. The Agreement is for an initial term of two (2) months and automatically renews for
one (1) month periods ("
Additional Term
") unless either party provides written notice of termination to
the other party thirty (30) days prior to the end of the Additional Term. There are no performance
obligations contained in the Agreement, and Velocity Trade will not receive Common Shares, stock
options, or any other form of equity in the Company as compensation. Velocity Trade and the Company
are arms-length parties, and Velocity Trade and its principals do not currently own or have any interest,
directly or indirectly, in the securities of the Company, however, Velocity Trade and its clients may
acquire an interest in the securities of the Company in the future.
About Velocity Trade Capital Ltd. (Velocity Trade)
Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario, and
registered for trading in the provinces of Ontario, British Columbia, Alberta, and Manitoba. Velocity
Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization ("CIRO").
Additionally, the firm, through its affiliate companies, is also regulated internationally by the UK's
Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the
Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct
Authority (FSCA), and the Monetary Authority of Singapore (MAS).
About Zodiac Gold
Zodiac Gold stands at the forefront of gold exploration in West Africa, boasting a district-scale discovery
in the Todi Project. Guided by a commitment to responsible exploration and led by an experienced
leadership team, Zodiac Gold is poised to play a pivotal role in the flourishing gold sector of West Africa.
The company's flagship Todi project, covering an expansive 2,316 sq km land package, is strategically
located in a previously underexplored region with close proximity to the renowned New Liberty Gold
Mine. With a robust exploration strategy, excellent access to infrastructure, and a focus on sustainable
practices, Zodiac Gold is well-positioned for success in unlocking the full potential of its extensive gold
exploration assets.
On Behalf of Zodiac Gold Inc. "David Kol"
President & CEO
For further information, please visit the Zodiac-Gold website at
www.zodiac-gold.com
or contact:
David Kol President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements that may be deemed to be forward-looking statements. All
statements in this release, other than statements of historical facts that address receipt of regulatory
approvals, exploration drilling, exploitation activities and events or developments that the Company
expects, are forward-looking statements. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such statements are no
guarantees of future performance and actual results or developments may differ materially from those in
the forward- looking statements. Factors that could cause actual results to differ materially from those in
forward- looking statements include the receipt of all necessary regulatory approvals, market prices,
exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to
obtain necessary permits, licenses and title and delays due to third party opposition, changes in
government policies regarding mining and natural resource exploration and exploitation, and continued
availability of capital and financing, and general economic, market or business conditions. Readers are
cautioned not to place undue reliance on this forward-looking information, which is given as of the date it
is expressed in this press release, and the Company undertakes no obligation to update publicly or
revise any forward- looking information, except as required by applicable securities laws. For more
information on the Company, investors should review the Company's continuous disclosure filings that
are available at
www.sedarplus.ca.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/229522