London, England - Gabriel Resources Ltd. announces the appointment of Dragos Tanase as President and Chief Executive Officer of the Company effective August 8, 2018. Mr Tanase has been the Managing Director of Gabriel subsidiary Rosia Montana Gold Corporation SA for 10 years, a position in which he will continue to serve. Prior to RMGC, Mr Tanase was the Chief Financial Officer of a large telecommunications company, UPC [...]
London, England - Summary – Arbitration Developments Gabriel Resources Ltd. remains focused on the progression of its International Centre for Settlement of Investment Disputes , part of the World Bank, arbitration case against Romania . On April 5, 2018, the three-person tribunal selected to hear and determine the ICSID Arbitration was reconstituted following the appointment of Professor Tercier as the presiding [...]
London, England - Gabriel Resources Ltd. previously reported on June 30, 2017 the filing of its memorial on the merits and quantum of its claim against Romania under the rules of the International Centre for Settlement of Investment Disputes part of the World Bank . Following a process prescribed by certain procedural orders of the tribunal appointed to adjudicate the ICSID Arbitration , and taking into account the [...]
London, England - Gabriel Resources Ltd. announces that Jonathan Henry has resigned from his position as President, Chief Executive Officer and as a Director of Gabriel to pursue other opportunities with immediate effect. Mr. Henry will continue to act as a consultant to the Company, available to assist the Company in connection with the Company’s arbitration claim against Romania. Keith Hulley, the Non-Executive [...]
London, England - Gabriel Resources Ltd. announces that all resolutions were passed at its annual and special meeting held in Vancouver, British Columbia, earlier today. All of the matters submitted to shareholders for approval as set out in the Company’s notice of meeting and management information circular dated May 10, 2018 were approved by the requisite majority of votes cast at the Meeting, including [...]
London, England - Gabriel Resources Ltd. announces that a revised procedural calendar has been issued as a procedural order by the tribunal which will hear and determine the Company’s arbitration claim against Romania under rules of the International Centre for Settlement of Investment Disputes part of the World Bank . The amendment to the Calendar arises following the reconstitution of the Tribunal and the [...]
London, England - Gabriel Resources Ltd. announces the publication of its First Quarter Financial Statements and Management’s Discussion and Analysis Report for the period ended March 31, 2018. Summary The Company remains focused on the progression of its International Centre for Settlement of Investment Disputes , part of the World Bank, arbitration case against Romania . On February 22, 2018, Romania filed its [...]
London, England - Gabriel Resources Ltd. announces that Professor Pierre Tercier has been appointed in succession to Ms. Teresa Cheng as President of the tribunal which will hear and determine the Company’s ICSID arbitration claim against Romania . Following the appointment, the Secretary-General of ICSID has notified the parties that the suspension of the ICSID Arbitration proceeding has been lifted in accordance [...]
London, England - Gabriel Resources Ltd. announces the publication of its Annual Results and Management’s Discussion and Analysis Report for the year ended December 31, 2017. Summary The Company remains focused on the progression of its World Bank International Centre for Settlement of Investment Disputes arbitration case against Romania . On February 22, 2018, Romania filed its counter-memorial with ICSID in [...]
London, England - Gabriel Resources Ltd. announces that Romania filed its counter-memorial with ICSID in response to the Company’s memorial on the merits and quantum of its claim against Romania on February 22, 2018. Gabriel, together with its counsel, White & Case LLP, is currently analyzing the Counter-Memorial with a view to preparing its reply in support of its claim. The Company awaits the appointment by ICSID [...]
Gabriel Resources announces that Ms. Teresa Cheng has tendered her resignation as President of the tribunal appointed to hear and determine the Company’s ICSID arbitration claim against Romania. This follows the appointment of Ms. Cheng on January 6, 2018 as Secretary for Justice of Hong Kong. Following Ms. Cheng’s resignation, the Secretary-General of ICSID has notified the parties of a vacancy on the [...]
Gabriel Resources announces that it has voluntarily applied to delist its common shares from the Toronto Stock Exchange and has received conditional approval to transfer its listing to the TSX Venture Exchange through the streamlined listing procedures of the Exchange. The Company believes that the transfer of its listing to the Exchange will provide for greater operational efficiency and lower costs for the Company [...]
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