Business
Gabriel Resources Ltd. - Appointment of Simon Prior-Palmer to Board of Directors
Gabriel Resources Ltd. - Appointment of Simon Prior-Palmer to Board of Directors.
About this update from Gabriel Resources Ltd.
[{"type":"text","content":"\n\n\n\n\nTSX Trading Symbol: GBU\n\nTORONTO, Sept. 29 /CNW/ - Michael Parrett, Chairman of the Board of\nDirectors of Gabriel Resources Ltd. (\"Gabriel\") (TSX - \"GBU\"), is pleased to\nannounce the appointment of Mr. Simon Prior-Palmer to the Board of Directors\neffective as of October 1, 2006.\nMr. Prior-Palmer has more than 30 years experience in international\nfinancial markets. For more than 20 years he worked with Credit Suisse First\nBoston in Europe and Canada in various capacities including Managing Director\nof UK Investment Banking from 1987 to 1998. Mr. Parrett, Chairman of the Board\nof Gabriel, remarked that \"The Board of Directors is pleased that Mr.\nPrior-Palmer has agreed to join the Board and bring his extensive European\nbusiness experience. His financial expertise and European experience will\nassist Gabriel in advancing the development of its 80% owned Rosia Montana\nproject in Romania\". Mr Prior-Palmer is also on the Board of Postcomm, the UK\nregulatory Commission overseeing the Royal Mail, and Macmillan Cancer Support,\none of the United Kingdom's largest charities.\nGabriel also announces the resignation of Mr. James McClements from the\nBoard of Directors, also effective as of October 1, 2006. Mr. McClements, the\nSenior Partner of the Resource Capital Funds (RCF), a group of private equity\nfunds, is Gabriel's longest serving Director having been appointed to the\nBoard of Directors in 1998. Due to ever expanding commitments from RCF, Mr.\nMcClements has requested that the Board of Directors accept his resignation in\norder to allow others with more time to devote to the business and affairs of\nGabriel to be appointed.\nOn Mr. McClements' resignation, Mr. Parrett commented that \"The Board of\nDirectors is extremely grateful and indebted to James for the guidance and\nsupport he provided to Gabriel over the past 8 years\".\n\nGabriel Resources\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\nThe Toronto Stock Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this re...