Gabriel Resources Ltd. (GBU)

[mazengah_islander]

I had re-entered a couple of days ago (for just a bit), but the news today is enough to send me back to the sidelines; can't even believe announced plans to finance anymore.

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Gabriel woes deepen as company pulls share offering
Gabriel Resources Ltd (2) GBU
Shares issued 113,552,669 Jul 16 2003 close $ 2.42
Thursday July 17 2003 News Release

Mr. Oyvind Hushovd reports
Gabriel Resources has elected not to proceed with the previously announced proposed offering of common shares on a marketed basis and will withdraw the short form preliminary prospectus filed with regulatory authorities in Canada last week.