Gabriel Resources (TSE:GBU) has released an update.
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Gabriel Resources Ltd. has announced the initial closing of a private placement, issuing common shares for proceeds of $3.25 million, with expectations to complete the placement for a total of $5.575 million. The shares are subject to a statutory hold period and final approvals. The remaining funds are anticipated to be secured by late May, with no finder’s fee to be paid for the transaction.
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