Gabriel Resources Completes Initial Closing of Private Placement

Gabriel Resources Ltd. has successfully completed the initial closing of its non-brokered private placement. This includes 26,659,886 units issued at C$0.105 per unit, generating gross proceeds of US$2.04 million. Each unit consists of one common share and one warrant, allowing purchase of an additional share at C$0.14 within five years.

The offering remains subject to TSX Venture Exchange approval, with additional closings expected within September 2025. The proceeds will support corporate purposes, including the company's ICSID annulment application and essential operational expenses.

Securities are under a four-month hold and are not registered under U.S. law, thus cannot be offered or sold in the U.S. The company emphasizes that no finders' fees will be paid for this transaction.