Gold Reserve Inc (GDRZF) 3.2010 $GDRZF
Gold Reserve Modifies Terms of the Proposed US $12 Million of New Convertible Notes and Modified US $25.3 Million of Existing Notes
Business Wire - Wed May 07, 3:25PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("the Company"
announces modifications to the previously announced terms of its proposed issuance of the US $12 million of new convertible notes and modification of nearly all of the US $25.3 million outstanding principal amount of previously modified notes. Previously, the interest related to the notes would be paid in kind and convertible into common shares of the Company. After giving effect to the modifications, interest related to the notes will be accrued and be capitalized quarterly at a rate of 11% per year and be payable in cash at maturity on December 31, 2015, but will not be convertible into common shares of the Company. In addition, the conversion price of the new and modified notes will be reduced to US $3.50 per share instead of the previously announced US $3.75 per share. The notes will be convertible, at the option of the holder, into 285.71 shares of Class A common shares per US $1,000 (equivalent to a conversion price of US $3.50 per common share) at any time upon prior written notice to the Company. The terms are binding subject to TSX Venture Exchange approval and finalization of definitive documents. All other terms of the new and modified notes will be the same as previously announced. The transaction is expected to be completed in May 2014.
Gold Reserve Amends 2012 Stock Option Plan
Business Wire - Fri May 02, 6:00PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) has amended and restated, with the approval of the TSX Venture Exchange (the "TSXV", the Company's 2012 Equity Incentive Plan to fix the number of Class A Common Shares that may be issued upon the exercise of options granted thereunder to 7,550,000 shares. Such fixed number represents less than 10% of the currently issued and outstanding Class A Common Shares. Prior to the said amendment, the plan permitted the grant of options of up to 10% of the issued and outstanding Class A Common Shares on a rolling basis. The amended and restated 2012 Equity Incentive Plan includes the 5,405,500 currently outstanding options. All other terms of the plan remain the same, except for certain minor changes to bring the plan in line with current TSXV policies and which have no effect on current option holders. None of the changes to the plan require the approval of shareholders.
Gold Reserve Updates Shareholders on ICSID Arbitration Case with Venezuela
Business Wire - Wed Apr 30, 7:26PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) is pleased to announce that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela - Case No. ARB (AF)/09/1) has requested both parties to submit their costs by May 26, 2014.
Soltoro Provides Gold Reserve with 6 Month Work Extension at the La Tortuga Copper Gold Project
Marketwire - Wed Apr 30, 8:05AM CDT
Soltoro Ltd. (TSX VENTURE: SOL) has provided Gold Reserve Inc. (TSX VENTURE: GRZ)(OTCQB: GDRZF) a six month work extension to complete required expenditures due in the second year of the three year option at Soltoro's 100% owned La Tortuga project. Gold Reserve has provided Soltoro with a promissory note for US$150,000 payable on June 10, 2014 as consideration for the anniversary payment due on April 26, 2014.
Gold Reserve Plans to Issue up to US $12 Million of New Convertible Notes and Extend Maturity Date of US $25.3 Million of Existing Notes
Business Wire - Tue Apr 29, 12:12PM CDT
Gold Reserve Inc. (TSX VENTURE:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" is pleased to announce an agreement in principle with its largest noteholders to issue up to US $12 million of new convertible notes ("New Notes" due December 31, 2015 and modify, amend and extend the maturity date of nearly all of its US$25.3 million outstanding principal amount of previously modified notes ("Modified Notes" from June 29, 2014 to December 31, 2015. The terms are binding subject to TSX Venture Exchange approval and definitive documents. The Company will issue the New Notes with an original issue discount of 2.5% of the principal amount and will pay a cash extension fee of 2.5% of the principal amount of the Modified Notes being extended.
Gold Reserve Inc. Closes Second and Final Tranche of Private Placement
Business Wire - Fri Sep 20, 6:23PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement (the "Private Placement" (See the Company's news releases dated August 14 and 28, 2013). In this tranche, the Company has issued an additional 250,000 units of securities of the Company (each, a "Unit" at a price of US $3.00 per Unit for gross proceeds in the amount of US $750,000 to arm's length subscribers. Each Unit comprises one Class A common share of the Company (each, a "Common Share" and one-half of one Common Share purchase warrant (each whole such warrant, a "Warrant", with each Warrant exercisable by the holder until September 20, 2015 to acquire one Common Share at a price of US $4.00 per share. In total in the Private Placement, the Company has issued 1,750,000 Units for aggregate gross proceeds of US $5,250,000 to the Company. The proceeds are to be used by the Company for general working capital purposes.
Gold Reserve Inc. Announces Private Placement
CNW Group - Wed Aug 14, 3:24PM CDT
/NOT FOR RELEASE IN THE UNITED STATES/
Gold Reserve declares approval of all items at annual and special meeting
M2 - Wed Jun 12, 3:01AM CDT
An exploration stage company, Gold Reserve Inc (TSX.V:GRZ) (OTCQB:GDRZF) stated on Tuesday that its shareholders approved all items voted at the annual and special meeting held the same day.
Gold Reserve Inc. Announces Results of Annual Meeting and Grant of Stock Options to Independent Directors
Business Wire - Tue Jun 11, 6:27PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" announced today that the shareholders of the Company approved all items voted on at the Company's Annual and Special Meeting held today.
Gold Reserve Inc. announces results of Annual Meeting and grant of stock options to independent directors
CNW Group - Tue Jun 11, 6:02PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" announced today that the shareholders of the Company approved all items voted on at the Company's Annual and Special Meeting held today.
Gold Reserve Completes $125,000 Option Payment to Soltoro in Preparation for Drilling the La Tortuga Copper Gold Project
Marketwire - Wed May 01, 8:02AM CDT
Soltoro Ltd. (TSX VENTURE: SOL) has received the first year anniversary option payment of US $125,000 from Gold Reserve Inc. (TSX VENTURE: GRZ)(OTCQB: GDRZF) who has the right to earn an undivided 51% interest in Soltoro's 100% owned La Tortuga property located in Jalisco State, Mexico.
Gold Reserve Inc. Makes Annual Option Payment to Soltoro Ltd. for the La Tortuga Copper Gold Project
Business Wire - Wed May 01, 8:00AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" has paid Soltoro Ltd. (SOL:TSX.V) a scheduled option payment of US $125,000. Gold Reserve has the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico.
Gold Reserve Inc. makes annual option payment to Soltoro Ltd. for the La Tortuga Copper Gold Project
CNW Group - Wed May 01, 8:00AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" has paid Soltoro Ltd. (SOL:TSX.V) a scheduled option payment of US $125,000. Gold Reserve has the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico.
Gold Reserve Modifies Terms of the Proposed US $12 Million of New Convertible Notes and Modified US $25.3 Million of Existing Notes
Business Wire - Wed May 07, 3:25PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("the Company"
announces modifications to the previously announced terms of its proposed issuance of the US $12 million of new convertible notes and modification of nearly all of the US $25.3 million outstanding principal amount of previously modified notes. Previously, the interest related to the notes would be paid in kind and convertible into common shares of the Company. After giving effect to the modifications, interest related to the notes will be accrued and be capitalized quarterly at a rate of 11% per year and be payable in cash at maturity on December 31, 2015, but will not be convertible into common shares of the Company. In addition, the conversion price of the new and modified notes will be reduced to US $3.50 per share instead of the previously announced US $3.75 per share. The notes will be convertible, at the option of the holder, into 285.71 shares of Class A common shares per US $1,000 (equivalent to a conversion price of US $3.50 per common share) at any time upon prior written notice to the Company. The terms are binding subject to TSX Venture Exchange approval and finalization of definitive documents. All other terms of the new and modified notes will be the same as previously announced. The transaction is expected to be completed in May 2014. Gold Reserve Amends 2012 Stock Option Plan
Business Wire - Fri May 02, 6:00PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) has amended and restated, with the approval of the TSX Venture Exchange (the "TSXV"
, the Company's 2012 Equity Incentive Plan to fix the number of Class A Common Shares that may be issued upon the exercise of options granted thereunder to 7,550,000 shares. Such fixed number represents less than 10% of the currently issued and outstanding Class A Common Shares. Prior to the said amendment, the plan permitted the grant of options of up to 10% of the issued and outstanding Class A Common Shares on a rolling basis. The amended and restated 2012 Equity Incentive Plan includes the 5,405,500 currently outstanding options. All other terms of the plan remain the same, except for certain minor changes to bring the plan in line with current TSXV policies and which have no effect on current option holders. None of the changes to the plan require the approval of shareholders. Gold Reserve Updates Shareholders on ICSID Arbitration Case with Venezuela
Business Wire - Wed Apr 30, 7:26PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) is pleased to announce that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela - Case No. ARB (AF)/09/1) has requested both parties to submit their costs by May 26, 2014.
Soltoro Provides Gold Reserve with 6 Month Work Extension at the La Tortuga Copper Gold Project
Marketwire - Wed Apr 30, 8:05AM CDT
Soltoro Ltd. (TSX VENTURE: SOL) has provided Gold Reserve Inc. (TSX VENTURE: GRZ)(OTCQB: GDRZF) a six month work extension to complete required expenditures due in the second year of the three year option at Soltoro's 100% owned La Tortuga project. Gold Reserve has provided Soltoro with a promissory note for US$150,000 payable on June 10, 2014 as consideration for the anniversary payment due on April 26, 2014.
Gold Reserve Plans to Issue up to US $12 Million of New Convertible Notes and Extend Maturity Date of US $25.3 Million of Existing Notes
Business Wire - Tue Apr 29, 12:12PM CDT
Gold Reserve Inc. (TSX VENTURE:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
is pleased to announce an agreement in principle with its largest noteholders to issue up to US $12 million of new convertible notes ("New Notes" due December 31, 2015 and modify, amend and extend the maturity date of nearly all of its US$25.3 million outstanding principal amount of previously modified notes ("Modified Notes" from June 29, 2014 to December 31, 2015. The terms are binding subject to TSX Venture Exchange approval and definitive documents. The Company will issue the New Notes with an original issue discount of 2.5% of the principal amount and will pay a cash extension fee of 2.5% of the principal amount of the Modified Notes being extended. Gold Reserve Inc. Closes Second and Final Tranche of Private Placement
Business Wire - Fri Sep 20, 6:23PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement (the "Private Placement" (See the Company's news releases dated August 14 and 28, 2013). In this tranche, the Company has issued an additional 250,000 units of securities of the Company (each, a "Unit" at a price of US $3.00 per Unit for gross proceeds in the amount of US $750,000 to arm's length subscribers. Each Unit comprises one Class A common share of the Company (each, a "Common Share" and one-half of one Common Share purchase warrant (each whole such warrant, a "Warrant", with each Warrant exercisable by the holder until September 20, 2015 to acquire one Common Share at a price of US $4.00 per share. In total in the Private Placement, the Company has issued 1,750,000 Units for aggregate gross proceeds of US $5,250,000 to the Company. The proceeds are to be used by the Company for general working capital purposes. Gold Reserve Inc. Announces Private Placement
CNW Group - Wed Aug 14, 3:24PM CDT
/NOT FOR RELEASE IN THE UNITED STATES/
Gold Reserve declares approval of all items at annual and special meeting
M2 - Wed Jun 12, 3:01AM CDT
An exploration stage company, Gold Reserve Inc (TSX.V:GRZ) (OTCQB:GDRZF) stated on Tuesday that its shareholders approved all items voted at the annual and special meeting held the same day.
Gold Reserve Inc. Announces Results of Annual Meeting and Grant of Stock Options to Independent Directors
Business Wire - Tue Jun 11, 6:27PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
announced today that the shareholders of the Company approved all items voted on at the Company's Annual and Special Meeting held today. Gold Reserve Inc. announces results of Annual Meeting and grant of stock options to independent directors
CNW Group - Tue Jun 11, 6:02PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
announced today that the shareholders of the Company approved all items voted on at the Company's Annual and Special Meeting held today. Gold Reserve Completes $125,000 Option Payment to Soltoro in Preparation for Drilling the La Tortuga Copper Gold Project
Marketwire - Wed May 01, 8:02AM CDT
Soltoro Ltd. (TSX VENTURE: SOL) has received the first year anniversary option payment of US $125,000 from Gold Reserve Inc. (TSX VENTURE: GRZ)(OTCQB: GDRZF) who has the right to earn an undivided 51% interest in Soltoro's 100% owned La Tortuga property located in Jalisco State, Mexico.
Gold Reserve Inc. Makes Annual Option Payment to Soltoro Ltd. for the La Tortuga Copper Gold Project
Business Wire - Wed May 01, 8:00AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
has paid Soltoro Ltd. (SOL:TSX.V) a scheduled option payment of US $125,000. Gold Reserve has the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico. Gold Reserve Inc. makes annual option payment to Soltoro Ltd. for the La Tortuga Copper Gold Project
CNW Group - Wed May 01, 8:00AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
has paid Soltoro Ltd. (SOL:TSX.V) a scheduled option payment of US $125,000. Gold Reserve has the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico. 
