Extension of Final Tranche of Private Placement

Executive Summary

• The TSX Venture Exchange granted Gabriel Resources Ltd. an extension until Nov 13, 2025 to complete its up‑to‑37,441,457‑unit private placement at C$0.105 per unit.
• The first tranche closed on Sep 12, 2025, issuing 26,659,886 units and raising US$2.04 million (≈C$2.8 million) in gross proceeds.
• Units consist of one common share plus a five‑year warrant exercisable at C$0.14; net proceeds will fund general corporate purposes, notably the company’s ICSID annulment application and critical operating expenses.

Key Details

• Offering Size: Up to 37,441,457 units (each C$0.105).
• Extension Deadline: November 13, 2025 (per Exchange approval).
• First Tranche Closed: September 12, 2025 – 26,659,886 units issued.
• Gross Proceeds (first tranche): US$2.04 million (≈C$2.8 million).
• Unit Composition:
• 1 common share of Gabriel Resources Ltd.
• 1 common‑share purchase warrant (5‑year term, exercise price C$0.14 per share).
• Use of Proceeds: General corporate purposes, including costs associated with the company’s ICSID annulment application and other critical operational expenses.
• Finder Fees: None will be paid to arm’s‑length subscribers.
• Regulatory Conditions: Subject to final Exchange approval; securities subject to a four‑month hold period under Canadian law.
• Legal Disclaimer: Offer not registered in the United States; cannot be sold to U.S. persons except pursuant to applicable exemptions.

Notable Quotes

(No direct quotes were included in the release.)