On December 18, 2009, BSG Capital Markets PCC Limited ("BSG") completed the purchase of 30,000,000 units of Gabriel Resources Ltd. pursuant to a private placement for CDN$2.25 per unit for proceeds of CDN$67,500,000. Each unit consists of one common share and one common share purchase warrant in the capital of Gabriel. Each warrant entitles BSG to purchase one additional share at CDN$2.50 per Share for 18 months rising to CDN$3.00 per Share for the final six months of the two year warrant term. As a result of the private placement, BSG owns approximately 9% of the issued and outstanding Shares of Gabriel. If BSG exercises all of the warrants, BSG would have ownership over approximately 16% of the issued and outstanding Shares of Gabriel. The units were acquired by BSG for investment purposes. BSG is a privately owned holding company which has business interests across the globe in natural resources, real estate, capital markets and the diamond industries. Gabriel is a Canadian-based resource company currently engaged in the exploration and development of mineral properties in Romania and in the development of its 80.23% owned Rosia Montana Project in that country, one of the largest undeveloped gold projects in the world. BSG was advised in this transaction by Raziel Zisman, Nancy Eastman and Alex Nikolic of Fasken Martineau.