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 [...]
Gold Reserve Ltd. announced that on July 7, 2025, pursuant to the schedule set by the U.S. District Court for the District of Delaware , various parties filed the following notices in response 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 [...]
Gold Reserve Ltd. wishes to advise that it is scheduling a conference call to be held at 10:00 am EDT on Thursday July 10, 2025 to provide more detail on the US$7.382 Billion dollar bid of its U.S. acquisition subsidiary, Dalinar Energy Corporation, chosen as the Final Recommended Bidder for the purchase of shares of PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp. This call is open to all [...]
Gold Reserve Ltd. announced today that its U.S. acquisition subsidiary, Dalinar Energy Corporation, is the Final Recommended Bidder for the purchase of shares of PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp. The selection of the U.S.-based Dalinar was made public today in the Notice of Final Recommendation filed by the Special Master appointed by the U.S. District Court for the District of [...]
Gold Reserve Ltd. announces that today its Delaware subsidiary, Dalinar Energy Corporation , submitted a further revised topping bid to be selected as the Final Recommended Bid for the purchase of the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp., pursuant to the sales process being conducted by the U.S. District Court for the District of Delaware . Dalinar Energy submitted an initial [...]
Gold Reserve Ltd. announces that today it filed an emergency letter request with the U.S. District Court for the District of Delaware arising from OFAC's issuance of General License 5S, which extends by another six months, until December 20, 2025, the long-running suspension of the ability of the "2020 Bondholders" to exercise their rights under their purported Pledge of the shares of CITGO Holding. In its request, the [...]
Gold Reserve Ltd. announces that today its Delaware subsidiary, Dalinar Energy Corporation , submitted a revised topping bid to be selected as the Final Recommended Bid for the purchase of the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp., pursuant to the sales process being conducted by the U.S. District Court for the District of Delaware . Dalinar Energy submitted an initial topping [...]
Gold Reserve Ltd. announces that on June 13, 2025 the International Centre for Settlement of Investment Disputes confirmed that the Tribunal for the arbitration initiated by GR Mining Inc., a subsidiary of Gold Reserve, against the Bolivarian Republic of Venezuela shall consist of three arbitrators, one arbitrator appointed by each party and the third, who shall be the President of the Tribunal, appointed by agreement of [...]
Gold Reserve Ltd. announces that on June 13, 2025 the U.S. District Court for the District of Delaware issued an order adopting the below further revised schedule for briefing and discovery deadlines proposed by the Special Master. This proposal came after the Venezuela Parties filed a motion to reconsider the prior scheduling order entered on June 11, 2025. The expiration of the Topping Period on June 18, 2025 and the [...]
Gold Reserve Ltd. announces that the U.S. District Court for the District of Delaware issued an order adopting the following revised schedule for briefing and discovery deadlines proposed by the Special Master given the expiration of the Topping Period on June 18, 2025 and rescheduled start date for the Sale Hearing to August 18, 2025, as previously announced here. Event Deadline Deadline for the Special Master to submit [...]
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