Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) is pleased to announce that the three-member Tribunal at the World Bank’s International Center for the Settlement of Investment Disputes (“ICSID”) has awarded the Company $740.3 million in accordance with the provisions of the Canada–Venezuela Bilateral Investment Treaty (“BIT”). The Award represents $713 million for the fair market value of the Brisas Project, $22.3 million [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) is pleased to report that its shareholders overwhelmingly approved the continuance of the Company from the Yukon Territory to the Province of Alberta, Canada at the special meeting held for that purpose on September 5, 2014. The Company intends to complete all necessary filings to complete the continuance of the Company under the Alberta Business Corporations Act [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) announced today the granting of 25,000 stock options to each of the five independent directors and 185,000 stock options in total to certain management employees. The grant does not include the Chief Executive Officer or the President. The options are exercisable at US $4.02, have a grant date of July 25, 2014, with a 10-year term, and have been issued under the [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) is pleased to announce that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela – Case No. ARB (AF)/09/1) has declared the proceedings closed in accordance with Article 44 of the Arbitration (Additional Facility) Rules. Gold Reserve claims damages arising [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (“ the “Company”) announces the closing of the previously announced financing of US $12 million of new convertible notes and the extension and modification of substantially all of the US$ 25.3 million outstanding principal amount of previously modified notes (collectively “the Notes”). Interest related to the Notes will be accrued and be capitalized quarterly at a rate of 11 [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (“the Company”) announces modifications to the previously announced terms of its proposed issuance of the US $12 million of new convertible notes and modification of nearly all of the US $25.3 million outstanding principal amount of previously modified notes. Previously, the interest related to the notes would be paid in kind and convertible into common shares of the Company [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) has amended and restated, with the approval of the TSX Venture Exchange (the “TSXV”), the Company's 2012 Equity Incentive Plan to fix the number of Class A Common Shares that may be issued upon the exercise of options granted thereunder to 7,550,000 shares. Such fixed number represents less than 10% of the currently issued and outstanding Class A Common Shares. Prior to the said [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) is pleased to announce that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela – Case No. ARB (AF)/09/1) has requested both parties to submit their costs by May 26, 2014. Doug Belanger, President, stated, “This request to submit the costs associated with our arbitration [...]
Gold Reserve Inc. (TSX VENTURE:GRZ) (OTCQB:GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce an agreement in principle with its largest noteholders to issue up to US $12 million of new convertible notes (“New Notes”) due December 31, 2015 and modify, amend and extend the maturity date of nearly all of its US$25.3 million outstanding principal amount of previously modified notes (“Modified Notes”) from June [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) has completed a property-wide aeromagnetic survey and has taken over 1,350 soil and rock samples on the La Tortuga property. A total of 930 line-kilometers of survey lines (100 meter spacing) were flown over an area of approximately 86 square kilometers by MPX Geophysics Ltd. of Ontario, Canada. All known mineralized targets were covered, including the Caballo and Quartz [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement (the “Private Placement”) (See the Company’s news releases dated August 14 and 28, 2013). In this tranche, the Company has issued an additional 250,000 units of securities of the Company (each, a “Unit”) at a price of US $3.00 per Unit for [...]
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (See the Company’s news release dated August 14, 2013). The Company has issued an aggregate of 1,500,000 units of securities of the Company (each, a “Unit”) at a price of US $3.00 per Unit for gross proceeds in the amount of US $4,500,000 (the [...]
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