BRIEF-Gabriel Resources says net loss for Q4 was $0.5 mln

March 13 (Reuters) - Gabriel Resources Ltd GBU.TO :

* Annual results and fourth quarter report

* Says net loss for the fourth quarter of 2013 was $0.5 million

* Q4 earnings per share view c$-0.01 -- Thomson Reuters I/B/E/S

* As of March 1, rmgc initiated legal procedures for retrenchment of about 400

employees, equivalent to about 80 percent of the workforce

* If there is no progress in the advancement of the project, the affected

contracts may be terminated as of may 1, 2014

* Source text for Eikon News Search ID:nCCN4NCnrg

* Further company coverage GBU.TO

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