Gabriel Resources Secures $2.3M in Initial Private Placement Closing

On March 6, 2025, Gabriel Resources Ltd. announced the completion of the initial phase of its private placement, raising US$2.3 million. Offering units at C$0.05 each, the company issued 65,637,400 units. Key investors Electrum Global Holdings L.P. and Paulson & Co. Inc. settled US$1.03 million of debt through unit acquisition.

Each unit entails a common share, a purchase warrant exercisable at C$0.065, and a contingent value right for potential future arbitration settlements in Romania. The securities are under a four-month hold, expiring July 7, 2025. The offering is set for final approval by the TSX Venture Exchange.

With additional agreements worth US$1 million, the offering is now fully subscribed. Swiss Capital S.A. and non-executive director Dag Cramer are anticipated to finalize their investments by the end of March 2025.