Gabriel Resources announces the following corporate update on its proposed 10:1 share consolidation and the ICSID annulment proceedings, including recent developments concerning the provisional stay of enforcement and the procedural calendar. Effective Date of Share Consolidation Further to the Company's press release on December 20, 2024, Gabriel has received approval of the TSX Venture Exchange for the consolidation of [...]
Gabriel Resources Ltd. is pleased to announce that its board of directors has authorized a plan to proceed with a consolidation of its outstanding common shares on the basis of ten pre-consolidation Shares for each one post-consolidation Share . The Consolidation is subject to approval of the TSX Venture Exchange . The Board believes that it would be in the best interests of the Company and its shareholders to effect the [...]
Gabriel Resources announces the publication of its Third Quarter Financial Statements and Management's Discussion and Analysis for the period ended Sept 30, 2024. Summary Arbitration On March 8, 2024, Gabriel announced that a majority of the presiding tribunal, over the strong dissent of one of the three arbitrators, had issued a final decision dismissing the ICSID arbitration claims filed against the Romanian State and [...]
Gabriel Resources is pleased to announce that it has entered into definitive agreements with certain shareholders in connection with short-term unsecured loans to provide an aggregate US$1.5 million of funding. The Company is in a critical financial condition and required an immediate infusion of short-term working capital to sustain its annulment challenge to the March 2024 decision of the ICSID Tribunal and to fund its [...]
Gabriel Resources announces that all resolutions proposed to the shareholders at the Company's Annual General Meeting held yesterday in Vancouver, were adopted. The resolutions adopted included: The re-election of Anna El-Erian, Jeffrey Couch, Dag Cramer, Ali Erfan, James Lieber and Dragos Tanase as directors of the Company; and The appointment of Ernst & Young LLP as auditors of the Company for the ensuing year and [...]
Gabriel Resources announces that Mr. Daniel Kochav, the nominee of Tenor Capital Management LLC, has tendered his resignation as a member of the Company's board of directors with immediate effect. Through its affiliate, Enescu Investments, Tenor has waived its right to nominate a successor nominee or observer to the Company's board, also with immediate effect. For information on this press release, please contact: Dragos [...]
Gabriel Resources announces that it has filed a notice of dispute against Romania under two bilateral investment protection treaties following the Romanian Government's decision not to extend the term of the Roşia Montană exploitation license. As previously disclosed, Gabriel's majority-owned Romanian subsidiary, Roşia Montană Gold Corporation S.A., submitted a formal request on March 6, 2024 [...]
Gabriel Resources announces the publication of its Second Quarter Financial Statements and Management's Discussion and Analysis for the period ended June 30, 2024. Summary On March 8, 2024, Gabriel announced that a majority of the presiding tribunal, over the strong dissent of one of the three arbitrators, had issued a final decision dismissing the ICSID arbitration claims filed against the Romanian State and awarded [...]
Gabriel Resources announces the following corporate update: Gabriel Seeks Annulment of ICSID Award Gabriel has filed an application requesting the annulment of the ICSID award rendered on March 8, 2024 in its long-running arbitration proceedings against Romania. As previously announced, a majority of an ICSID tribunal, over the strong dissent of one of the three arbitrators, dismissed Gabriel's arbitration claims against [...]
Gabriel Resources announces the following corporate update: Mineral Tenure Rights In March 2024, Ro?ia Montan? Gold Corporation submitted an application to the Romanian National Agency for Mineral Resources. together with the requisite supporting documentation, requesting an extension of the term of the exploitation license for the Ro?ia Montan? Project for an additional five years, as provided by Romanian law. On June [...]
Gabriel Resources announces the publication of its First Quarter Financial Statements and Management's Discussion and Analysis Report for the period ended March 31, 2024. Summary On March 8, 2024, Gabriel announced that the presiding tribunal had issued a final decision dismissing, by a two to one majority, the ICSID arbitration claims filed against the Romanian State and awarded Romania approximately US$10 million to [...]
Further to the news release of April 26, 2024, Gabriel Resources is pleased to announce that it has completed closing of an initial tranche of its previously disclosed non-brokered private placement of up to 377,594,750 common shares of the Company at a price of $0.02 per Common Share for gross proceeds of up to US$5.575 million, subject to stock exchange and other approvals as applicable. In connection with closing the [...]
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