Gabriel Resources Announces Share Consolidation Plan

Gabriel Resources Ltd. has announced a plan to consolidate its outstanding shares at a 10:1 ratio, pending approval from the TSX Venture Exchange. The board believes that this move will facilitate future financing by potentially enhancing share marketability and attracting institutional investors. The current share price stands at $0.01, with over 1.25 billion shares outstanding. Post-consolidation, approximately 125.6 million shares will remain.

The company assures investors that its name and trading symbol will remain unchanged after the consolidation. No fractional shares will be issued, with shares rounded up or down based on the fractional interest. The share adjustment will proportionally affect the exercise prices of convertible securities.

Further updates will be provided once all approvals are secured, and an effective date is determined.