Gold Reserve Ltd. announces that yesterday the Company filed a Statement in support of a stay pending appeal with the U.S. Court of Appeals for the Third Circuit in connection with the ongoing litigation arising from the proposed judicial sale of PDVH Shares. Gold Reserve's filing supports a pending motion to stay the recent Order issued by the U.S. District Court for the District of Delaware approving the sale of the [...]
Gold Reserve Ltd. announces that today it filed a notice of appeal to the U.S. Court of Appeals for the Third Circuit from the final sale order entered by the U.S. District Court for the District of Delaware on November 29, 2025, that authorized the sale of the PDVH Shares to Elliott/Amber Energy . The notice of appeal also includes all prior orders and decisions giving rise to and incorporated within the final sale order [...]
Gold Reserve Ltd. announces that the U.S. District Court for the District of Delaware issued the final order authorizing the sale of the PDVH Shares to Elliott/Amber Energy. A copy of the final sale order can be found here. The Delaware court has also ordered that the closing of the sale is stayed until, at the earliest, seven days after the Special Master files a notice indicating that Elliott/Amber Energy has obtained [...]
Gold Reserve announces that today the U.S. District Court for the District of Delaware issued an Order and Opinion adopting the recommendation of the Special Master that the PDVH shares should be sold to Elliott/Amber Energy despite its bid being $2 billion lower in price than the $7.9 billion, fully-financed bid submitted by Gold Reserve/Dalinar Energy and despite the objections filed by Gold Reserve and the objections [...]
Gold Reserve announces that the Canada Revenue Agency has completed its audit of the Company's international transactions. The audit did not result in any net adjustments to the Company's Canadian tax filings for any of the years under review. The CRA had previously proposed a reassessment of the Company's 2014, 2016, 2017 and 2018 taxation years that would include, among other amounts, the Sept 2014 arbitral award and [...]
Gold Reserve Ltd. announces that today the Company's Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court of Appeals for the Third Circuit. The Third Circuit issued its order without a written opinion. The Company continues to evaluate all available appellate remedies and other avenues for relief. A complete description of the Delaware sale proceedings can be found on the Public Access [...]
Gold Reserve Ltd. today announced that its Board of Directors has appointed Michael Johnston as the new Chair of the Board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of dedication to the Company. The appointment of Mr. Johnston was approved at the Company's regularly scheduled Board meeting held on November 13, 2025. Mr. Johnston, a [...]
Gold Reserve Ltd. today provided an update on recent developments in its ongoing legal proceedings related to the Citgo sale process. The U.S. District Court for the District of Delaware issued a decision today denying Gold Reserve's motion to disqualify the Special Master overseeing the Citgo Sale Process, his advisors - the law firm of Weil, Gotshal & Manges LLP and Evercore Inc. - as well as the District Court Judge [...]
Gold Reserve Ltd. announced that it has filed a Verified Complaint in the Court of Chancery of the State of Delaware against Rusoro Mining Ltd. . The complaint asserts that Rusoro knowingly and materially breached its contractual obligations under a consortium agreement entered into between the companies in connection with the judicially supervised Citgo sale process in Delaware. Gold Reserve is seeking preliminary [...]
Gold Reserve Ltd. announces that yesterday the Company filed a Petition for Writ of Mandamus with the U.S. Court of Appeals for the Third Circuit. The petition seeks an order requiring the U.S. District Court for the District of Delaware to stay further consideration of the merits of the Citgo Sale Process until final resolution of Gold Reserve's motion to disqualify the District Judge, the Special Master, and the Special [...]
Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company and other parties filed their Post-Trial Answering Briefs and Submissions of Supplemental Fact. Copies of the filings will be posted to the Company website under Citgo Proceedings. Next steps in the Sale Process include: Later today, the Special Master and other interested parties will file [...]
Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company filed a motion to disqualify the two professional advisors to the Special Master - the law firm of Weil, Gotshal & Manges LLP and the investment banking firm of Evercore, Inc. - the Special Master Robert B. Pincus, and the district court judge in the Citgo Sale Process. Gold Reserve also [...]
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