StreetInsider.com News Articles

Gabriel Resources plans $3.4M private placement to settle debt

Fri, 02 Oct 2026 06:46:15 -0400

Gabriel Resources Ltd. (TSXV: GBU) announced a proposed non-brokered private placement of up to 58,471,757 units at C$0.0825 per unit, targeting aggregate subscriptions of up to US$3.4 million (approximately C$4.82 million).

Each unit consists of one common share and one share purchase warrant exercisable at C$0.11 for five years from closing. The subscription price represents a 25% discount to the market price of C$0.11 on the trading day preceding the announcement.

Of the total offering, approximately US$1.825 million represents new cash, while approximately US$1.575 million will be satisfied by offsetting outstanding bridge loan principal and accrued interest. The company entered into bridge

Gabriel Resources Announces US$3.4 Million Private Placement

Fri, 02 Oct 2026 06:45:00 -0400

TORONTO, ON / ACCESS Newswire / October 2, 2026 / Gabriel Resources Ltd. (TSXV:GBU) ("Gabriel" or the "Company") announces a proposed non-brokered private placement of up to 58,471,757 units (each, a "Unit") at C$0.0825 per Unit (the "Subscription Price"), for aggregate subscriptions of up to US$3.4 million (approximately C$4.82 million) (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant").

Assuming completion of the full Offering, aggregate subscriptions will comprise approximately US$1.825 million in new cash

Gabriel Resources Announces US$3.4 Million Private Placement

Fri, 02 Oct 2026 06:45:00 -0400

Assuming completion of the full Offering, aggregate subscriptions will comprise approximately US$1.825 million in new cash

Gabriel Announces Board Change

Tue, 15 Sep 2026 17:30:00 -0400

TORONTO, ON / ACCESS Newswire / September 15, 2026 / Gabriel Resources Ltd. (TSXV:GBU) ("Gabriel" or the "Company") announces that Mr. Dag Cramer has resigned from the Board of Directors of the Company, effective immediately.

Mr. Cramer has served as a director of Gabriel since June 2012. The Board sincerely thanks him for his many years of dedicated service, commitment and valuable contribution to the Gabriel group and wishes him every success in his future endeavours.

Mr. Cramer will continue supporting the Company in a consultancy capacity and remains a significant shareholder of Gabriel.

Ms.

Gabriel Announces Board Change

Tue, 15 Sep 2026 17:30:00 -0400

Mr. Cramer will continue supporting the Company in a consultancy capacity and remains a significant shareholder of Gabriel.

Ms.

NOVAGOLD Announces Appointment of New Director