Gabriel Resources Announces US$3.4 Million Private Placement

Gabriel Resources Ltd., listed on TSXV under GBU, unveiled a non-brokered private placement aiming to raise up to US$3.4 million. The offering involves issuing 58,471,757 units at C$0.0825 per unit. Each unit comprises one common share and one purchase warrant. Institutional investors like Electrum, Paulson & Co. Inc., and Swiss Capital are significantly participating, contributing approximately US$2.97 million.

The financing will address Gabriel's immediate cash needs, targeting outstanding bridge loans and supporting operations, as well as the annulment application related to ICSID arbitration proceedings. Closing is anticipated by October 15, 2026, pending TSXV approval.

The bridge debt settlement includes the issuance of 27,086,182 units, reducing debt without cash proceeds. Insiders' participation taps financial difficulty exemptions to bypass minority security holder approvals. The offering could boost insider holdings to 77.18% post-warrant exercise.