Gabriel Resources Ltd. is pleased to announce the closing of the sale of 31,250,000 common shares at Cdn$4.35 per Share to a syndicate of underwriters led by RBC Capital Markets and Sprott Securities Inc. as joint bookrunners, and including BMO Nesbitt Burns Inc., Canaccord Capital Corporation, Merrill Lynch Canada Inc., Orion Securities Inc., Paradigm Capital Inc. and Raymond James Ltd., for aggregate gross proceeds of Cdn $135,937,500.
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Gabriel Resources Ltd. is pleased to announce that Newmont Canada Limited, a subsidiary of Newmont Mining Corporation, has elected to fully participate in Gabriel's previously announced equity offering of 25,000,000 common shares at a price of Cdn$4.35 per share to raise gross proceeds of Cdn$108,750,000.
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