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Gold Reserve Ltd. (GDRZF)

1.6700

+0.0800

+(5.03%)

As of 1:39:13 PM EDT. Market Open.

Order Adopting Special Master’s Stalking Horse Bid Recommendation for Citgo Sale Process Hearing

PEMBROKE, Bermuda, April 22, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that the U.S. District Court for the District of Delaware (the "Court") issued an order adopting the Special Master’s recommendation to select the bid submitted by Red Tree as the stalking horse bid for the purchase of the shares of PDVH, the indirect holding company of Citgo Petroleum, and overruling objections to the same.

Business Wire 2 days ago

GDRZF
+5.03%
Inclinations for Citgo Sale Process Hearing

PEMBROKE, Bermuda, April 16, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that today the U.S. District Court for the District of Delaware (the "Court") issued a document stating that the Court was "inclined" to overrule the objections submitted by the Company and other parties to the Special Master’s recommendation to select the bid submitted by Red Tree as the stalking horse bid for the purchase of the shares of PDVH, the indirect holding compa

Business Wire 8 days ago

GDRZF
+5.03%
Pre-Hearing Documents for April 17 CITGO Sale Process Hearing

PEMBROKE, Bermuda, April 14, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that Gold Reserve, its consortium members and other parties have completed pre-hearing documents in connection with the April 17, 2025 hearing on the objections to the recommendation made by the Special Master to select the bid made by Red Tree Investments that was scheduled pursuant to an order issued by the U.S. District Court for the District of Delaware (the "Court") o

Business Wire 10 days ago

GDRZF
+5.03%
Delaware Court Provides for CITGO Sale Process Hearing

PEMBROKE, Bermuda, April 07, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that on April 5, 2025 the U.S. District Court for the District of Delaware (the "Court") issued an order scheduling a hearing on the objections to the recommendation made by the Special Master to select the bid made by Red Tree Investments, an indirect subsidiary of Contrarian Capital Management, LLC, to be the stalking horse bidder for the purchase of the shares of PDV Ho

Business Wire 17 days ago

GDRZF
+5.03%
Gold Reserve Announces Filing of New Legal Actions in Portugal to Obtain Judgments Against Attached Funds

PEMBROKE, Bermuda, April 03, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") is pleased to announce an important development in its ongoing efforts to enforce its arbitral award dated September 22, 2014 (the "Award") against the Bolivarian Republic of Venezuela ("Venezuela"). The present total amount owed under the Award, inclusive of interest, exceeds $1.1 billion.

Business Wire 20 days ago

GDRZF
+5.03%
Gold Reserve Announces Objections to CITGO Bid Recommendation

PEMBROKE, Bermuda, April 01, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that on March 31, 2025, multiple objections were filed in the U.S. District Court for the District of Delaware (the "Court") to the recommendation made by the Special Master to select the $3.699 billion bid made by Red Tree Investments, an indirect subsidiary of Contrarian Capital Management, LLC (collectively, "Contrarian"), instead of the $7.1 billion bid by Dalinar Ener

Business Wire 23 days ago

GDRZF
+5.03%
Update on CITGO Sale Process

PEMBROKE, Bermuda, March 24, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that the $7.1 billion bid, with fully committed financing from two large financial institutions, submitted by the Company’s US subsidiary, Dalinar Energy Corporation ("Dalinar Energy"), was not recommended by the Special Master as the "Stalking Horse" or the "Base Bid" for the purchase of the shares of PDV Holding, Inc. ("PDVH"), the indirect parent company of CITGO Petrol

Business Wire last month

GDRZF
+5.03%
Gold Reserve makes 'stalking horse' bid for shares in Citgo's parent

(Reuters) -Canadian miner Gold Reserve said on Monday that a subsidiary has submitted an offer that could be selected as the starting bid in a court-organised auction of shares in Venezuela-owned PDV Holding, the parent of Citgo Petroleum. Most creditors in an auction last year rejected a $7.3 billion offer for PDV Holding by an affiliate of hedge fund Elliott Investment Management, due to conditions included. A court officer overseeing the process in a Delaware court later changed the auction mechanism to begin with a "stalking horse bid," restarting bidding this year.

Reuters last month

GDRZF
+5.03%
Gold Reserve Announces Dalinar Energy Bid for Citgo

PEMBROKE, Bermuda, March 10, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that its Delaware subsidiary, Dalinar Energy Corporation ("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, Inc. ("PDVH"), 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 (the

Business Wire last month

GDRZF
+5.03%
GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT

Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) announced today that its wholly owned subsidiary, GR Mining (Barbados) Inc. (GR Mining), filed a request for arbitration against the Bolivarian Republic of Venezuela ("Venezuela") under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes of the World Bank in Washington, D.C.

CNW Group last month

GDRZF
+5.03%
Gold Reserve secures $1.1bn arbitration award against Venezuela in Portugal

The judgment includes the original award amount of around $713m (C$1.02bn) and pre-award interest of $22.29m.

Mining Technology last month

GDRZF
+5.03%
Gold Reserve can enforce $1.1 billion arbitration award against Venezuela in Portugal

Shares of the company rose 1.5% to C$2.63 in afternoon trade. The company said the judgment supports its ongoing efforts to enforce its arbitration award in Portugal, where it said it had obtained attachment orders "against multiple bank accounts" holding more than $1.4 billion. "Recovery is not certain in the Portugal legal proceedings due to multiple factors," it added.

Reuters last month

GDRZF
+5.03%
Gold Reserve Announces Portugal Court Enters Judgment Against Venezuela Confirming Arbitration Award Valued in Excess of $1.1 Billion

PEMBROKE, Bermuda, February 24, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") is pleased to announce an important development in its ongoing efforts to recognize and enforce its arbitral award dated September 22, 2014 (the "Award") against the Bolivarian Republic of Venezuela ("Venezuela").

Business Wire last month

GDRZF
+5.03%
Gold Reserve Responds to CRA Reassessment Proposal

PEMBROKE, Bermuda, January 31, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) announces that it has responded to the November 14, 2024 proposal letter from the Canada Revenue Agency (CRA), strongly disputing all proposed adjustments.

Business Wire 2 months ago

GDRZF
+5.03%
Gold Reserve Announces Decision to Deregister Class A Common Shares

PEMBROKE, Bermuda, January 31, 2025--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) 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 (SEC). As such, the company would be required to file periodic reports with the SEC, including annual 10K, quarterly 10Q, and current 8K reports.

Business Wire 2 months ago

GDRZF
+5.03%
Gold Reserve Reports on Results of Annual General Meeting of Shareholders and Announces Appointment of Additional Directors

PEMBROKE, Bermuda, December 12, 2024--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that, at the annual general meeting of shareholders of the Company ("Shareholders") held December 12, 2024 (the "Meeting"), 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 (the "Board") to hold office until the next annual meeting of Sharehold

Business Wire 4 months ago

GDRZF
+5.03%
Gold Reserve Down Near 30%, Near 52 Week Lows As Receives Proposal Letter From Canada Revenue Agency to Reassess

Gold Reserve (GRZ.

PREMIUM
MT Newswires 4 months ago

GDRZF
+5.03%
Gold Reserve Announces Receipt of Proposal Letter From the Canada Revenue Agency to Reassess

PEMBROKE, Bermuda, November 26, 2024--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that it received a letter dated November 14, 2024 (the "Proposal Letter") from the Canada Revenue Agency (the "CRA") 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 ("Arbitral Award") and/or the Company’s settlement

Business Wire 4 months ago

GDRZF
+5.03%
Gold Reserve Announces Appointment of New Chief Executive Officer

TORONTO, October 04, 2024--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") 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.

Business Wire 6 months ago

GDRZF
+5.03%
Gold Reserve Provides Update on Delaware Proceedings

TORONTO, October 03, 2024--Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") provides the following update on the sale and bidding process (the "Sale Process") for the purchase of the common shares of PDV Holdings, Inc. ("PDVH"), the indirect parent company of CITGO Petroleum Corp. ("CITGO"), managed by the Special Master (the "Special Master") appointed by the U.S. District Court for the District of Delaware (the "Delaware Court").

Business Wire 6 months ago

GDRZF
+5.03%

Performance Overview

Return	GDRZF	S&P/TSX Composite index (^GSPTSE)
YTD	+7.74%	+0.39%
1-Year	-42.81%	+12.99%
3-Year	+127.21%	+16.66%

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Gold Reserve Ltd. (GDRZF)

Order Adopting Special Master’s Stalking Horse Bid Recommendation for Citgo Sale Process Hearing

Inclinations for Citgo Sale Process Hearing

Pre-Hearing Documents for April 17 CITGO Sale Process Hearing

Delaware Court Provides for CITGO Sale Process Hearing

Gold Reserve Announces Filing of New Legal Actions in Portugal to Obtain Judgments Against Attached Funds

Gold Reserve Announces Objections to CITGO Bid Recommendation

Update on CITGO Sale Process

Gold Reserve makes 'stalking horse' bid for shares in Citgo's parent

Gold Reserve Announces Dalinar Energy Bid for Citgo

GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT

Gold Reserve secures $1.1bn arbitration award against Venezuela in Portugal

Gold Reserve can enforce $1.1 billion arbitration award against Venezuela in Portugal

Gold Reserve Announces Portugal Court Enters Judgment Against Venezuela Confirming Arbitration Award Valued in Excess of $1.1 Billion

Gold Reserve Responds to CRA Reassessment Proposal

Gold Reserve Announces Decision to Deregister Class A Common Shares

Gold Reserve Reports on Results of Annual General Meeting of Shareholders and Announces Appointment of Additional Directors

Gold Reserve Down Near 30%, Near 52 Week Lows As Receives Proposal Letter From Canada Revenue Agency to Reassess

Gold Reserve Announces Receipt of Proposal Letter From the Canada Revenue Agency to Reassess

Gold Reserve Announces Appointment of New Chief Executive Officer

Gold Reserve Provides Update on Delaware Proceedings

Performance Overview