Gabriel Resources Ltd., (TSX:GBU) today announced that the company has entered into a subscription agreement for a private placement of 30 million Units with BSG Capital Markets PCC Limited, a part of the Beny Steinmetz Group (“BSG”).
The press release is quoted as saying:
BSG’s mining arm, BSG Resources (“BSGR”) operates successfully in Africa and Eastern Europe and includes Ferro-Nickel operations in neighboring Macedonia and Kosovo which have the capacity to produce 30,000 tons per annum making the operation the largest producer of Ferro-Nickel in Europe. BSG’s fully owned subsidiary, BSG Resources is also involved in mining diamonds, copper/cobalt, iron ore, bauxite and the production/exploration of oil and gas.
