trending Market Intelligence /marketintelligence/en/news-insights/trending/3qDP_v8fqF5Gu8dJ5jYn-Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Gabriel Resources to raise another US$20M to fund arbitration against Romania

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Gabriel Resources to raise another US$20M to fund arbitration against Romania

Gabriel Resources Ltd. will raise up to US$20 million to supplement its ongoing arbitration case against Romania over the Rosia Montana gold project.

The company entered into definitive subscription agreements with investors for a nonbrokered private placement of up to 81,730,233 units at 32.25 Canadian cents each. Each unit will consist of 1 share and 1 share purchase warrant, each of which will entitle the holder to acquire a share at 64.5 cents within five years after closing.

The company said Aug. 6 that it also intends to use the proceeds for general working capital.

The placement is expected to close around Aug. 22. The company closed a US$20 million financing in January to fund the arbitration battle, in which it is seeking C$5.7 billion in compensation for losses after the Romanian Parliament rejected a bill that would have allowed the project to go ahead.