Gabriel Resources Announces Final Tranche Closing and CFO Change

Gabriel Resources Ltd. has completed the final tranche of its private placement, issuing 28,538,000 units to Swiss Capital S.A., garnering US$1 million. Of these, 14,648,985 units settled a US$0.51 million debt. The total offering of 114,152,000 units raised US$4 million, including settlement of US$1.54 million in debts, yielding net proceeds of US$2.46 million. The issuance requires TSX Venture Exchange approval.

The company announced CFO Richard Brown's resignation, effective May 19, 2025. Jeffrey Couch, a current director, steps in as interim CFO. Meanwhile, Gabriel's annulment application for a 2024 ICSID award remains unresolved, following the removal of a stay of enforcement.