Gabriel Resources Announces $2.625 Million Private Placement

Gabriel Resources Ltd. has revealed a private placement aimed at raising US$2.625 million by issuing up to 34,305,000 units at C$0.105 per unit. The transaction requires TSX Venture Exchange approval. Each unit comprises one common share and one warrant, with warrants exercisable at C$0.14 over five years. The offering price presents a 25% discount to the prior day’s market price.

This non-brokered placement involves insiders under Multilateral Instrument 61-101. Exemptions from valuation and minority approval are utilized as Gabriel faces financial difficulty. The funds will support general corporate needs and operational expenses. The closing is anticipated by September 5, 2025, contingent on regulatory approvals.

The securities, unregistered under the U.S. Securities Act, cannot be sold in the U.S. The shares will face a four-month hold under Canadian law. Gabriel warns of forward-looking statements and potential risks impacting the placement.