09:52 AM EST - Gabriel Resources Ltd. : announced the following update regarding the Rosia Montana gold and silver project. The Company confirms that it continues to work together with the Romanian Government in respect of potentially amending the ownership of the Project and royalty rates payable by it, in the context of the overall expected returns to Romania as well as to Gabriel shareholders from the Project. A proposal in this regard is currently with the Romanian Government for consideration. These discussions remain ongoing and Gabriel awaits a response from the Romanian Government on its proposal. Gabriel Resources Ltd.
shares T.GBU are trading down $0.04 at $5.70.
