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Off-market insider buying at Gabriel Resources (V:GBU)

Updated Friday Dec 28, 2018 01:31 AM EDT

Electrum Global Holdings L.P., a 10% Holder, acquired 16,082,276 Common Shares on a direct ownership basis at a price of $0.248 through a prospectus or prospectus exempt offering on December 24th, 2018. The insider also acquired 16,082,276 Warrants with an exercise price of $0.490 for 5 years. This represents a $3,980,363 investment into the company's shares and an account share holdings change of 28.5%.

Gabriel Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Gabriel Resources Ltd. (Gabriel) is a Canada-based resource company. The Company operates through the exploration, evaluation and development of precious metal mining projects located in Romania segment. The Company owns equity interest in Rosia Montana Gold Corporation S.A. (RMGC), held by Minvest Rosia Montana S.A. (Minvest RM), a Romanian state-owned mining company. Rosia Montana gold and silver project is an undeveloped gold deposit in Europe, and situated in an area known as the Golden Quadrilateral in the South Apuseni Mountains of Transylvania. It is located immediately northeast of the town of Abrud, approximately 45 kilometers (80 kilometers by road) northwest of the regional capital of Alba Iulia, and 60 kilometers (90 kilometers by road) north-northeast of the city of Deva. The Project is held under exploitation concession license number 47/1999, which covers an area of approximately 23.88 square kilometers.

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Go to Gabriel Resources Ltd. (GBU)'s company page

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