Gold Reserve Ltd. announces that pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company and various parties submitted opening and response briefs on August 16 and August 17, 2025, respectively, in relation to the inclinations stated by the Court in its August 14, 2025 Order adjourning the Sale Hearing. The parties that submitted opening briefs on August 16, 2025, in addition to [...]
Gold Reserve Ltd. announces that the U.S. District Court for the District of Delaware issued an order today in which it adjourned the start of the Sale Hearing from the currently scheduled August 18, 2025, to an as-yet unspecified future date. The Court also requested further briefing from the parties, and scheduled an in-person hearing on August 18, 2025, on this and related issues. The Court stated its rationale for the [...]
Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , various parties filed reply briefs in respect of the objections to the Special Master's Final Recommendation that Gold Reserve's U.S. acquisition subsidiary, Dalinar Energy Corporation, should be selected by the Court to purchase the shares of PDV Holding, Inc. , the indirect parent company of CITGO [...]
Gold Reserve Ltd. announces several developments in the pending legal proceedings in which the Company, through its wholly-owned subsidiary, Dalinar Energy Corporation , has been recommended by the Special Master to purchase the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp. The Special Master's Final Recommendation of the Dalinar Energy bid is the subject of a Sale Hearing scheduled to [...]
Gold Reserve Ltd. announces that today it filed a response to the Special Master's notice of an unsolicited, competing proposal to purchase the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp . As previously announced by the Company here, the Special Master has not deemed the Unsolicited Proposal to be a Superior Proposal. Gold Reserve's response included the following points: In order [...]
Gold Reserve Ltd. announces that the Special Master filed a notice of an unsolicited, competing proposal to purchase the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp. The Special master also filed a redacted version of the proposal. The Special Master stated in the pertinent part: on July 1, 2025 the Court approved the Special Master to engage with Bidder B with respect to the Bidder B [...]
Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , various parties filed memoranda and statements in response to the objections to the Special Master's Final Recommendation that Gold Reserve's U.S. acquisition subsidiary, Dalinar Energy Corporation, should be selected by the Court to purchase the shares of PDV Holding, Inc. , the indirect parent company [...]
Gold Reserve Ltd. announces the secondary listing on the Bermuda Stock Exchange of 122,714,914 Common Shares of Gold Reserve Ltd. effective today. Trading on the BSX will commence on August 4, 2025 under the ticker . The Company's primary listing is on the TSX Venture Exchange and the Company also continues to trade over the counter . The Company's Vice-Chair, Paul Rivett, said: "Joining the Bermuda Stock Exchange marks [...]
Gold Reserve Ltd. is pleased to announce the closing of its previously announced best efforts private placement of common shares of the Company at a price of US$3.10 per Common Share, including the full exercise of the over-allotment option, of 9,677,500 Common Shares for gross proceeds of approximately US$30,000,250.00 with Cantor Fitzgerald Canada Corporation as sole agent and bookrunner. Following the Offering, there [...]
Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , various parties filed memoranda in support of objections to the Special Master's Final Recommendation that Gold Reserve's U.S. acquisition subsidiary, Dalinar Energy Corporation, should be selected by the Court to purchase the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum [...]
Gold Reserve Ltd. announces it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation , to undertake a private placement of Class A common shares of the Company for anticipated gross proceeds of up to US$20.0 million at a price per Common Share of US$3.10 . Net proceeds from the Offering are expected to be used for expenditures related to the Company's previously announced credit bid submitted for [...]
Gold Reserve Ltd. is pleased to announce that in a recently published decision, Portugal's Supreme Court upheld a decision recognizing the Company's 2014 international arbitration award against the Bolivarian Republic of Venezuela and rejecting the state's sovereign immunity and public policy defenses. The total amount owed by Venezuela under the Award, inclusive of interest, exceeds $1.1 billion. In February 2025, the [...]
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