Gabriel Resources secures US$ 1.5 million unsecured bridge loan from Electrum, Paulson
- Gabriel Resources entered definitive agreements for short-term unsecured bridge loans totaling USD 1.5 million from existing shareholders Electrum Global Holdings LP and Paulson & Co.
- Proceeds earmarked for near-term working capital, including costs tied to its effort to annul March 2024 ICSID award, pending a proposed financing.
- Loans carry 12% annual interest, rank pari passu with other unsecured senior debt, mature April 28, 2027 or five business days after completion of proposed financing, whichever comes first.
- Repayment expected from proceeds of proposed financing, which remains under consideration and subject to TSX Venture Exchange approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gabriel Resources Ltd. published the original content used to generate this news brief on May 11, 2026, and is solely responsible for the information contained therein.
