Gabriel Resources Expands Private Placement Offering

On September 2, 2025, Gabriel Resources Ltd. announced an increase in its private placement offering. The company now plans to offer up to 37,441,457 units at a price of C$0.105 per unit, aiming for aggregate gross proceeds of US$2,865,000. Each unit consists of one common share and one warrant, allowing the holder to purchase an additional share at C$0.14 within five years.

The funds raised will support general corporate expenses, including costs related to the company's ICSID annulment application. The participation of insiders in this offering is considered a "related party transaction," with Gabriel relying on exemptions due to its financial difficulties.

The offering awaits customary approvals, including from the TSX Venture Exchange. These securities are not registered under the U.S. Securities Act and will not be offered in the U.S.