Resignation of Director
Resignation of Director
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PRESS RELEASE
FOR IMMEDIATE RELEASE
September 16, 2024
Resignation of Director
Gabriel Resources Ltd. (TSXV: GBU - “Gabriel” or the “Company”) announces that Mr. Daniel
Kochav, the nominee of Tenor Capital Management LLC (“Tenor”), has tendered his
resignation as a member of the Company’s board of directors with immediate effect. Through
its affiliate, Enescu Investments, Tenor has waived its right to nominate a successor nominee
or observer to the Company’s board, also with immediate effect.
For information on this press release, please contact:
Dragos Tanase
President & CEO
Richard Brown
Chief Financial Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Gabriel
Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The Company’s principal business has been
the exploration and development of the Roșia Montană gold and silver project in Romania, one of the largest undeveloped
gold deposits in Europe. Upon obtaining the License in June 1999, the Group focused substantially all of their management
and financial resources on the exploration, feasibility and subsequent development of the Roşia Montană Project. An
extension of the exploitation license for the Roşia Montană Project (held by Roșia Montană Gold Corporation S.A., a
Romanian company in which Gabriel owns an 80.69% equity interest, with the 19.31% balance held by Minvest Roșia
Montană S.A., a Romanian state-owned mining company) was rejected by the competent authority in late June 2024.