Gold Reserve Ltd. announced that its Delaware subsidiary, Dalinar Energy, submitted a bid on March 7, 2025 to be designated the Stalking Horse Bidder for the purchase of the shares of PDV Holding, 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's bid is supported by a consortium that includes [...]
Gold Reserve Ltd. announced today that its wholly owned subsidiary, GR Mining, filed a request for arbitration against the Bolivarian Republic of Venezuela under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes of the World Bank in Washington, D.C. The arbitration arises from Venezuela's arbitrary and unlawful measures that deprived GR Mining of its rights to, and [...]
Gold Reserve Ltd. is pleased to announce an important development in its ongoing efforts to recognize and enforce its arbitral award dated September 22, 2014 against the Bolivarian Republic of Venezuela . On February 20, 2025, the Lisbon Court of Appeal issued an Order granting the Company's application to confirm the Award in Portugal, and entered judgment for the Company against Venezuela in the amount of $713,032,000 [...]
Gold Reserve Ltd. announces that it has responded to the November 14, 2024 proposal letter from the Canada Revenue Agency , strongly disputing all proposed adjustments. CRA proposed a reassessment of the company's 2014, 2016, 2017 and 2018 taxation years that would include, among other amounts, the September 2014 arbitral award and certain payments made under the settlement agreement with the Bolivarian Republic of [...]
Gold Reserve Ltd. announces that as of January 1, 2025, the company is no longer a foreign private issuer from the perspective of the Securities and Exchange Commission . As such, the company would be required to file periodic reports with the SEC, including annual 10K, quarterly 10Q, and current 8K reports. On January 30, 2025, Gold Reserve filed a Form 15 with the SEC to suspend its reporting requirements under US [...]
Gold Reserve Ltd. announced that, at the annual general meeting of shareholders of the Company held December 12, 2024 , Robert A. Cohen, Paul Rivett, James Michael Johnston, Yves M. Gagnon, James P. Tunkey, David A. Knight and Jonathan Howes were elected to the board of directors of Gold Reserve to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed or their office [...]
Gold Reserve Ltd. announces that it received a letter dated November 14, 2024 from the Canada Revenue Agency advising that, subject to submissions by Gold Reserve, the CRA proposes to reassess the Company to include in its income certain amounts, including amounts in respect of the September 2014 arbitral award and/or the Company's settlement agreement with Bolivarian Republic of Venezuela. As previously disclosed, the [...]
Gold Reserve is pleased to announce the appointment of Paul Rivett as Chief Executive Officer of the Company, effective immediately. Mr. Rivett will continue to serve as a Director and as Executive Vice-Chairman of the board of directors of the Company. Robert Cohen, Chairman, said the following about the appointment of Mr. Rivett: "We are delighted to appoint Paul as CEO. He has decades of management and entrepreneurial [...]
Gold Reserve provides the following update on the sale and bidding process for the purchase of the common shares of PDV Holdings, the indirect parent company of CITGO Petroleum, managed by the Special Master appointed by the U.S. District Court for the District of Delaware. This update is qualified in its entirety by reference to such documentation which is available on the Public Access to Court Electronic Records system [...]
Gold Reserve Inc. is pleased to announce that, further to the Company's press release of September 16, 2024, the continuance of the Company from the Province of Alberta to Bermuda was completed on September 30, 2024. In connection with the Continuance, the Company's name has been changed from "Gold Reserve Inc." to "Gold Reserve Ltd.". The Continuance was effected through a plan of arrangement pursuant to Section 193 of [...]
Gold Reserve Inc. provides the following update on the sale and bidding process for the purchase of the common shares of PDV Holdings, Inc. , the indirect parent company of CITGO Petroleum Corp. , managed by the Special Master appointed by the U.S. District Court for the District of Delaware . This update is qualified in its entirety by reference to such documentation which is available on the Public Access to Court [...]
Gold Reserve Inc. provides the following update on the sales and bidding process for the purchase of the common shares of PDV Holdings, Inc. , the indirect parent company of CITGO Petroleum Corp., managed by the Special Master appointed by the U.S. District Court for the District of Delaware . As previously disclosed, the Company submitted on June 11, 2024, a credit bid for the common shares of PDVH pursuant to the Sales [...]
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