Business
Completion of $135.9 million public offering
Completion of $135.9 million public offering.
About this update from Gabriel Resources Ltd.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nTSX Trading Symbol: GBU\n\n\nTORONTO, March 22 /CNW/ - Gabriel Resources Ltd. ("Gabriel" or the\n"Company") (TSX - "GBU") is pleased to announce the closing of the sale of\n31,250,000 common shares (the "Shares") at Cdn$4.35 per Share to a syndicate\nof underwriters led by RBC Capital Markets and Sprott Securities Inc. as joint\nbookrunners, and including BMO Nesbitt Burns Inc., Canaccord Capital\nCorporation, Merrill Lynch Canada Inc., Orion Securities Inc., Paradigm\nCapital Inc. and Raymond James Ltd. (collectively the "Underwriters"), for\naggregate gross proceeds of Cdn $135,937,500.\n\n\n"We are very pleased with the results of this offering which will enable\nus to continue to pursue the development of the Rosia Montana gold deposit in\nRomania" said Alan R. Hill, President and CEO, "and we anticipate that this\nwill be our last equity offering related to the development of the project."\n\n\nThe Shares have not been, nor will be, registered under the United States\nSecurities Act of 1933, as amended, or any state securities laws and may not\nbe offered or sold in the United States absent registration or applicable\nexemption from the registration requirement of such Act and applicable state\nsecurities laws. This press release shall not constitute an offer to sell or\nthe solicitation of an offer to buy, nor shall there be any sale of these\nsecurities in any jurisdiction in which such offer, solicitation or sale would\nbe unlawful prior to qualification under the securities laws of any such\njurisdiction. Any public offering of securities to be made in the United\nStates would, if made, be made by means of a prospectus that could be obtained\nfrom the Company that would contain detailed information about the Company and\nmanagement as well as financial statements.\n\n\nGabriel Resources\n\n\nGabriel is a Canadian based resource company committed to responsible\nmining and sustainable development in the communities in which it operates.\nGabriel is currently engaged in the exploration and development of mineral\nproperties in Romania and is presently engaged in the development of its 80%\nowned Rosia Montana gold project.\n\n\nForward-L...