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 [...]
Gold Reserve Ltd. announces that today the U.S. District Court for the District of Delaware issued an order that rescheduled the start date of the Sale Hearing from July 22, 2025 to August 18, 2025. The Court did not change the existing June 18, 2025 deadline for the submission of topping bids or the June 27, 2025 deadline for Final Recommendation by the Special Master appointed by the Court to oversee the sale process [...]
Gold Reserve Ltd. announces that today it submitted a response to the request made by the Venezuela Parties to adjourn the date of the Sale Hearing from July 22, 2025 to the week commencing September 2, 2025. In its response, the Company stated that while it agreed a short extension of the Sale Hearing date was justified, a three-week extension, to the week commencing August 11, 2025, was sufficient, rather than the [...]
Gold Reserve Ltd. announces that today its Delaware subsidiary, Dalinar Energy Corporation , submitted a 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's bid was prepared in light of the [...]
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