Gabriel Resources Raises USD 185,000 in Second Closing of Private Placement
Bitget2026/10/27 22:47- Gabriel Resources raised USD 185,000 through a second closing of its private placement, issuing 3,181,552 units at CAD 0.0825 each.
- Total subscriptions reached approximately USD 2.51 million for 43,090,848 units, including USD 930,634 in cash proceeds.
- Each unit comprises one common share and one warrant exercisable at CAD 0.11 until October 16, 2031.
- A subsequent closing is expected to cover the remaining 15,380,909 units for approximately USD 894,365, subject to closing conditions.
- Net cash proceeds will fund working capital and essential operations, including efforts to annul the March 8, 2024, ICSID arbitration award.
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