Latest news with #RichardBrown
The Herald Scotland
25-05-2025
- Sport
- The Herald Scotland
Courage Mon Ami forced to miss Gold Cup once more
Another physical issue will cause a second Gold Cup to pass him by, but the slight nature of the setback means he is due to return to action later in the season. 'It's a minor setback, but unfortunately it is enough to mean that he will miss Ascot,' said Richard Brown, racing adviser to Wathnan. 'We will regroup and aim at a campaign running later into the season instead. 'It's not a major issue and he'll certainly be back later in the year, but with the timing it is enough to mean he will miss Ascot.'
Yahoo
20-05-2025
- Business
- Yahoo
Corporate Update
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES LONDON, UK / / May 20, 2025 / Gabriel Resources Ltd. (TSXV:GBU) ("Gabriel" or the "Company") is pleased to announce the following corporate update. Final Tranche Closing of Private Placement The Company has closed the final tranche of its previously announced non-brokered private placement of up to 114,152,000 units of the Company (each, a "Unit") at a price of C$0.05 per Unit (the "Offering"). For more information on the Offering, please see the Company's press release dated February 19, 2025, which is available under the Company's SEDAR+ profile at Pursuant to the closing of the final tranche, the Company has issued a total of 28,538,000 Units to Swiss Capital S.A. ("Swiss Capital") for aggregate gross proceeds of US$1.0 million (approximately C$1.4 million), of whicha total of 14,648,985 Units have been issued to Swiss Capital in full and final settlement of US$0.51 million of outstanding indebtedness (including principal and interest) related to the previously announced bridge financing loans. The securities issued in connection with the closing of the final tranche are subject to a statutory four-month hold period, which will expire on September 21, 2025. Completion of the Offering is subject to receipt of final approval of the TSX Venture Exchange's (the "Exchange"). The full subscribed Offering resulted in the issuance of a total of 114,152,000 Units for aggregate gross proceeds of US$4.0 million. Following the settlement of US$1.54m in outstanding bridge financing loans through a debt-for-equity arrangement, the Company has received net proceeds of approximately US$2.46 million. As previously announced, the terms of the Offering triggered thresholds requiring disinterested shareholder approval of aspects of the Offering pursuant to the policies of the TSXV, as further described in the Company's February 19, 2025 press release, which the Company has obtained. The Company will not pay a cash finder's fee in connection with the Offering. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and accordingly may not be offered or sold within the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons. Change to Chief Financial Officer Mr. Richard Brown, Chief Financial Officer of the Company, has resigned effective May 19, 2025. Mr. Jeffrey Couch, who is presently a director of the Company and a seasoned finance executive, has been appointed, with immediate effect, as Interim Chief Financial Officer of the Company until a permanent CFO replacement is appointed. ICSID Annulment As previously announced, in March 2024, the ad hoc committee (the "Committee") adjudicating the Company's application for annulment of the March 8, 2024 ICSID award (the "Arbitral Decision") ruled that the provisional stay of enforcement of that award, granted in July 2024, would continue only if Gabriel provided a guarantee from a bank or a third party with proven solvency for the full amount of the US$10 million cost award. In April 2025, Gabriel informed the Committee of its unsuccessful efforts to secure such a third-party bank guarantee. Consequently, the Committee confirmed that the stay of enforcement was automatically lifted on April 23, 2025. Also, as previously announced, Gabriel filed its Memorial on Annulment (the "Memorial") on April 3, 2025, setting out the grounds that support the annulment of the Arbitral Decision. The Memorial has been published on the ICSID website For information on this press release, please contact: Dragos TanasePresident & CEOdt@ 425 414 9256 Simon LustyGroup General Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Further Information About Gabriel Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The Company's principal business has been the exploration and development of the Roșia Montană gold and silver project in Romania, one of the largest undeveloped gold deposits in Europe. Upon obtaining the License in June 1999, the Group focused substantially all of their management and financial resources on the exploration, feasibility and subsequent development of the Roşia Montană Project. An extension of the exploitation license for the Roşia Montană Project (held by Roșia Montană Gold Corporation S.A., a Romanian company in which Gabriel owns an 80.69% equity interest, with the 19.31% balance held by Minvest Roșia Montană S.A., a Romanian state-owned mining company) was rejected by the competent authority in late June 2024. Forward-looking Statements This press release contains "forward-looking information" (also referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. All statements, other than statements of historical fact, are forward-looking statements. In this press release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation, the uncertainties associated with: (i) the ongoing proceedings (the "ICSID Annulment Proceedings") concerning the Company's application for annulment of the award dated March 8, 2024 (the "Arbitral Decision") issued in its ICSID arbitration case against Romania (ICSID Case No. ARB/15/31); (ii) future actions taken by the Romanian Government, including in relation to the enforcement of the costs order granted under the Arbitral Decision (the "Costs Order"); (iii) conditions or events impacting the Company's ability to fund its operations (including but not limited to the completion of the potential financing referred to in this press release); and (iv) the overall impact of misjudgments made in good faith in the course of preparing forward-looking information. Forward-looking statements involve risks, uncertainties, assumptions, and other factors including those set out below, that may never materialize, prove incorrect or materialize other than as currently contemplated which could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects", "is expected", "is of the view", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential", "possible", "plans" or variations thereof or stating that certain actions, events, conditions or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of fact and may be forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: the revocation of the provisional stay of enforcement of the Arbitral Decision; the ability of the Company to close the previously announced private placement offering and to access additional funding to support the Group's strategic objectives; the impact on the Company's financial condition and operations of any actions taken by Romania to enforce the Costs Order against the Group's assets; the duration, costs, process and outcome of the ICSID annulment proceedings; the impact on the Company's financial condition and operations of the rejection of the extension of the Rosia Montana exploitation license; the impact on financial condition, business strategy and its implementation in Romania of: any allegations of historic acts of corruption, uncertain fiscal investigations, uncertain legal enforcement both for and against the Group, unpredictable regulatory or agency actions and political and social instability; changes in the Group's liquidity and capital resources; equity dilution resulting from the conversion or exercise of new or existing securities in part or in whole to Common Shares; the ability of the Company to maintain a continued listing on the Exchange or any regulated public market for trading securities; Romania's actions following inscription of the "Roşia Montană Mining Landscape" as a UNESCO World Heritage site; regulatory, political and economic risks associated with operating in a foreign jurisdiction including changes in laws, governments and legal and fiscal regimes; global economic and financial market conditions, including inflation risk; the geo-political situation and the resulting economic developments arising from the unfolding conflict and humanitarian crisis as a consequence of conflicts such as the Russia-Ukraine war; volatility of currency exchange rates; and the availability and continued participation in operational or other matters pertaining to the Group of certain key employees and consultants. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements, and investors should not infer that there has been no change in the Company's affairs since the date of this press release that would warrant any modification of any forward-looking statement made in this document, other documents periodically filed with or furnished to the relevant securities regulators or documents presented on the Company's website. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to the Company's disclosure obligations under applicable Canadian securities regulations. Investors are urged to read the Company's filings with Canadian securities regulatory agencies which can be viewed online at ENDS SOURCE: Gabriel Resources Ltd. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Herald Scotland
20-05-2025
- Sport
- The Herald Scotland
Courage Mon Ami camp still aiming to reclaim Gold Cup
Having since seen his progress curtailed by a series of setbacks, missing the whole of 2024, he was due to make his comeback after a 631-day absence at Newbury. However, the son of Frankel's misfortune continued with a late withdrawal from the Group Three event, with his team admitting time is now at a premium before attempting to recapture Flat racing's premier staying prize. Richard Brown, racing adviser to the owners, said: 'He's absolutely fine and this horse has never had a serious issue, it is always niggles. 'He took a bad step and was just a little off behind. We're always super careful so didn't run in the Aston Park and we'll have an investigation and see how he comes out of it. 'There's a chance he might just have to go straight to Ascot. He's been moving brilliantly and I saw him at John and Thady's earlier this month and he has never moved better, he trotted past like a show horse, so it was very frustrating to get that call, but these things are sent to test us. 'We'll get him through the next week and it may well be that it is a racecourse gallop before Ascot. Sandown (Henry II Stakes) is there as well, but we'll just have to see how he is and how the timings fit.'
Times
17-05-2025
- Business
- Times
Racing must not ignore tragedies afflicting vulnerable stable staff
A strange thing happened last year after Racing Welfare announced it could no longer afford to fund Simon Bailey, chaplain to the industry. Racing Welfare is meant to support those working in British horse racing. Usually it has an annual budget of between £4million and £5million. Then, when purse strings needed to be tightened, Bailey's job became a target. Not everyone thought this a good idea. The Newmarket-based bloodstock agent Richard Brown decided something needed to be done. As the Racing Post reported at the time, Brown drew up a list of 25 potential donors. On his list were trainers and stud farms, wealthy racing enthusiasts and others whose businesses were connected to racing. Brown asked each to contribute £6,000. His target was £120,000. In
The Herald Scotland
15-05-2025
- Sport
- The Herald Scotland
Kind Of Blue bypasses Greenlands run due to minor issue
However, connections will have to wait a little longer to see their sprinting star back in action, with owners Wathan Racing's racing adviser Richard Brown saying: 'He's had a little niggle and he will miss Ireland. 'He should be fine for Royal Ascot and I think it's most likely you will see him first time out there.' KIND OF BLUE wins a tight finish in the QIPCO British Champions Sprint stakes with @the_doyler on board. Congratulations to trainer @james_fanshawe and owners Wathnan Racing.#ascot #Championsday — Ascot Racecourse (@Ascot) October 19, 2024 Kind Of Blue finished fourth to Inisherin in the Commonwealth Cup at Royal Ascot last year and is a best priced 8-1 to win the Group One feature on the final day of the meeting this time around, a race his trainer has claimed before with Society Rock (2011) and the colt's relation The Tin Man (2017). Brown added: 'There is no better man than James Fanshawe to do the job with that family and we will plot into it and see if he will have an away day or something before Ascot. 'It's a bit frustrating and it is only a minor issue, but it is enough to mean we can't go to Ireland.'
