Gabriel Resources completes $3.25M private placement for Roșia Montană gold & silver project in Romania.
Gabriel Resources Ltd., a Canadian resource company, has completed the initial tranche of a non-brokered private placement, raising $3.25M (US$4.4M) out of a potential $5.575M. The company issued 223.5M common shares at $0.02/share, representing ~21.2% of current issued shares. The remainder of the placement may close by May 23, 2024, and funds will support the development of the Roșia Montană gold & silver project in Romania.
May 17, 2024
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