Gabriel Resources Announces Up To CAD 4.8 Million Private Placement
Gabriel Resources has announced a proposed non-brokered private placement offering up to 58.47 million units at C$0.0825 per unit, raising approximately $3.4 million (C$4.82 million). Each unit includes one common share. The financing is intended to support the company's operational and strategic initiatives but does not specify exact use of proceeds or expected timing for closing the offering. The private placement will be subject to regulatory approvals and market conditions, as well as shareholder approval if required by applicable rules.
Tickers: $GBRRF
Topics: capital raise private placement