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Gabriel gains on funds to continue fight for Romanian project

Gabriel Resources (TSXV: GBU) shares surged yesterday after the company last week closed the first tranche of a US$20 million raising, to help fund arbitration over the Roșia Montană gold and silver project in Romania.

Gabriel gains on funds to continue fight for Romanian project Gabriel gains on funds to continue fight for Romanian project Gabriel gains on funds to continue fight for Romanian project Gabriel gains on funds to continue fight for Romanian project Gabriel gains on funds to continue fight for Romanian project

Abandoned equipment from historical mining operations in the Cetate openpit at Roşia Montană in Romania

Gabriel said the initial closing had brought proceeds of $18.7 million, with units offered at 32.25c.

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