Gold Reserve Inc (GDRZF) 4.2511 $GDRZF
Bolivarian Republic of Venezuela Agrees to Pay Gold Reserve Arbitral Award and Acquire Mining Data and Executes an Agreement to Jointly Develop the Brisas Cristinas Gold Copper Mining Project
BusinessWire - Mon Aug 08, 8:51AM CDT
Gold Reserve Inc. (TSX.V: GRZ) (OTCQB: GDRZF) ("Gold Reserve" or the "Company"
announces that it has executed a settlement agreement ("Settlement Agreement" with the Bolivarian Republic of Venezuela ("Venezuela" which includes payment of the arbitral award (the "Award" granted in favor of the Company by the International Centre for Settlement of Investment Disputes in respect of the Brisas project. In addition, Venezuela has agreed to acquire the Company's mining data for $240 million and the parties have entered into an agreement ("Mixed Company Agreement" for the formation of a jointly owned company ("Mixed Company". The Mixed Company will have the gold, copper, and silver rights to 18,000 hectares, including the Brisas Cristinas deposit.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update on Discussions with Venezuelan Government
BusinessWire - Mon Aug 01, 6:52PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve" is hereby providing an update on the previously announced settlement and mixed company (joint venture) agreements covered under the Memorandum of Understanding with the Bolivarian Republic of Venezuela. Gold Reserve hopes to be in a position to announce the execution of all of the agreements in the near term and will provide further updates as and when circumstances warrant.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update on Agreements with Venezuela
BusinessWire - Wed Jun 08, 7:45PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve" reported today that its senior executives continue to meet in Caracas with Venezuelan government officials to finalize the settlement and mixed company agreements, as well as related documents from various Venezuelan government entities.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Announces Extension of Memorandum of Understanding with Venezuela
BusinessWire - Sat May 28, 9:32AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the "MOU" from May 27, 2016 to June 21, 2016.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Announces Closing of Private Placement and Extension of Memorandum of Understanding with Venezuela
BusinessWire - Tue May 17, 3:41PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve" is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement". Including the issuance of 5,210,000 Class A Common Shares of the Company ("Shares" previously announced by the Company, the Company has issued an aggregate of 8,562,500 Shares under the Private Placement at a price of US $4.00 per share for proceeds in the amount of US $34,250,000. The proceeds will be used by the Company for general working capital purposes.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Closes First Tranche of Private Placement
BusinessWire - Wed May 04, 5:39PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve" is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Private Placement". To date, the Company has issued an aggregate of 5,210,000 Class A Common Shares of the Company (the "Shares" at a price of US $4.00 per share for proceeds in the amount of US $20,840,000. The Company has received conditional approval from the TSX Venture Exchange (the "TSXV" for the issuance of up to an aggregate of 9,500,000 Shares and has been granted an extension until May 15, 2016 to complete the sale of the remaining Shares pursuant to the Private Placement. The proceeds will be used by the Company for general working capital purposes.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Inc. Announces Extension of Memorandum of Understanding with the Venezuelan Government
BusinessWire - Mon Apr 25, 12:33PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the "MOU" from April 24, 2016 to May 12, 2016.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Further Update to Legal Proceedings Related to Collection of Arbitration Award
BusinessWire - Thu Jan 21, 2:57PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" is pleased to report on legal activities in France, the United States and United Kingdom relating to the collection of its ICSID (Additional Facilities) arbitral award currently approximating US $765 million, including accrued post award interest.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to Legal Proceedings Related to Collection of Arbitration Award
BusinessWire - Thu Jan 14, 6:00PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" reports on legal activities in relation to the various jurisdictions where is it attempting to collect on its $740 million ICSID (Additional Facility) arbitral award.
GRZ.VN: 5.400 (+0.070)
Gold Reserve to Acquire Certain Alaska Mining Claims
BusinessWire - Wed Jan 13, 7:00AM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" announces that its wholly-owned subsidiary Gold Reserve Corporation, a company existing under the laws of the State of Montana ("Gold Reserve Montana", has entered into a Purchase and Sale Agreement (the "Agreement" with Raven Gold Alaska Inc. ("Raven", a wholly-owned subsidiary of Corvus Gold Inc., to acquire from Raven certain wholly-held Alaska mining claims, known as the LMS Gold Project (the "Property", together with certain personal property (collectively, with the Property, the "Assets". The transaction is fully arm's length and remains subject to the approval of the TSX Venture Exchange (the "Exchange".
GRZ.VN: 5.400 (+0.070)
Gold Reserve Completes Issuance of US $12.3 Million of New Convertible Notes and Modifies Terms of Existing US $44 Million of Convertible Notes and Related Interest Notes
BusinessWire - Tue Dec 01, 12:14PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" announces the closing of the previously announced financing of approximately US $12.3 million of new convertible secured notes ("New Notes" due December 31, 2018 and modification, amendment and extension of the maturity date of its approximately US $44 million outstanding principal and related interest notes from December 31, 2015 to December 31, 2018 ("Modified Notes".
GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports U.S. District Court for the District of Columbia Enters Judgment against Venezuela in Excess of $760 Million; Denies Motion to Stay Enforcement
BusinessWire - Mon Nov 23, 10:55AM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" wishes to report on an important development in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the arbitral award dated September 22, 2014 (the "Award" rendered in the Company's favor against the Bolivarian Republic of Venezuela ("Venezuela".
GRZ.VN: 5.400 (+0.070)
Update - Gold Reserve Plans to Issue up to US $12.3 Million of New Convertible Notes and Extend Maturity Date of US $44 Million of Existing Notes
BusinessWire - Wed Oct 21, 4:00PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF):
GRZ.VN: 5.400 (+0.070)
Gold Reserve Plans to Issue Up to US $12.3 Million of New Convertible Notes and Extend Maturity Date of US $44 Million of Existing Notes
BusinessWire - Thu Sep 03, 6:16PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company" is pleased to announce an agreement in principle with its largest noteholders representing 88% of its currently outstanding convertible notes ("Modified Notes" to issue up to US $12.3 million of new convertible notes ("New Notes" due December 31, 2018 and modify, amend and extend the maturity date of its US $44 million outstanding principal and accrued interest amount of previously modified notes ("Old Notes" from December 31, 2015 to December 31, 2018. The terms are binding subject to TSX Venture Exchange approval and negotiation and entry into definitive documents. The Company will issue the US $12.3 million New Notes with an original issue discount of 2.5% of the principal amount and will also issue New Notes representing 2.5% of the principal and interest amount to the current holders of the Modified Notes being extended as a restructuring fee.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports on Recent Meeting with Venezuelan Government Officials
BusinessWire - Fri Aug 07, 3:15PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" is pleased to report on a recent meeting held with officials of the Bolivarian Republic of Venezuela. During July 2015 representatives from the Company, James H. Coleman, Chairman of the Board of Directors and Rockne J. Timm, CEO met with Jorge Arreaza, Vice President of the Bolivarian Republic of Venezuela, Reinaldo Munoz, acting Procurador General, Asdrubal Chavez, Minister of Oil and Mining, and Eulogio Del Pino, President of Petroleos de Venezuela, S.A. ("PDVSA".
GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports on Latest Developments in Luxembourg
BusinessWire - Tue Jun 30, 12:21PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" reports on recent developments occurring in Luxembourg in relation to its collection efforts of the US $740 million arbitral award dated September 22, 2014 (the "Award" which includes the award, pre-award interest and costs) rendered against the Bolivarian Republic of Venezuela ("Venezuela".
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to Legal Proceedings in US District Court for the District of Columbia
BusinessWire - Thu Jun 18, 12:21PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" reports on recent developments in the United States in relation to its collection efforts of the US $740 million arbitral award dated September 22, 2014 (the "Award" rendered against the Bolivarian Republic of Venezuela ("Venezuela".
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to French Legal Activities
BusinessWire - Thu Apr 16, 5:38PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" is pleased to report on recent developments occurring in the Paris Court of Appeal in relation to Venezuela's attempt to annul the US $740 million arbitral award dated September 22, 2014 (the "Award", rendered in the Company's favor.
GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update Relating to US District Court Petition to Confirm the US $740 Million ICSID Award
BusinessWire - Thu Apr 16, 11:34AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" is pleased to report that Venezuela has agreed to accept service of Gold Reserve's Petition, filed in the District Court of the District of Columbia, to confirm the US $ 740 million ICSID award dated September 22, 2014 (the "Award". Venezuela has further agreed to respond to the Petition to Confirm the Award within sixty (60) days of the agreed service date, i.e., on or before June 12, 2015 and Gold Reserve has agreed to vacate the clerk's entry of default entered on March 27, 2015 against Venezuela. The foregoing agreements have been recorded in an Order of the U.S. District Court for the District of Columbia dated April 15, 2015.
GRZ.VN: 5.400 (+0.070)
U.S. District Court Enters Default Against Venezuela in Proceedings to Confirm $740 Million Award Instituted by Gold Reserve
BusinessWire - Mon Mar 30, 3:09PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" is pleased to report on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the US $740 million arbitral award dated September 22, 2014 (the "Award", rendered against the Bolivarian Republic of Venezuela ("Venezuela". On March 27, 2015, the Court entered a default against Venezuela following its failure to file an appearance within the prescribed deadlines in the proceedings instituted by the Company.
GRZ.VN: 5.400 (+0.070)
Bolivarian Republic of Venezuela Agrees to Pay Gold Reserve Arbitral Award and Acquire Mining Data and Executes an Agreement to Jointly Develop the Brisas Cristinas Gold Copper Mining Project
BusinessWire - Mon Aug 08, 8:51AM CDT
Gold Reserve Inc. (TSX.V: GRZ) (OTCQB: GDRZF) ("Gold Reserve" or the "Company"
announces that it has executed a settlement agreement ("Settlement Agreement" with the Bolivarian Republic of Venezuela ("Venezuela" which includes payment of the arbitral award (the "Award" granted in favor of the Company by the International Centre for Settlement of Investment Disputes in respect of the Brisas project. In addition, Venezuela has agreed to acquire the Company's mining data for $240 million and the parties have entered into an agreement ("Mixed Company Agreement" for the formation of a jointly owned company ("Mixed Company". The Mixed Company will have the gold, copper, and silver rights to 18,000 hectares, including the Brisas Cristinas deposit. GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update on Discussions with Venezuelan Government
BusinessWire - Mon Aug 01, 6:52PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve"
is hereby providing an update on the previously announced settlement and mixed company (joint venture) agreements covered under the Memorandum of Understanding with the Bolivarian Republic of Venezuela. Gold Reserve hopes to be in a position to announce the execution of all of the agreements in the near term and will provide further updates as and when circumstances warrant. GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update on Agreements with Venezuela
BusinessWire - Wed Jun 08, 7:45PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve"
reported today that its senior executives continue to meet in Caracas with Venezuelan government officials to finalize the settlement and mixed company agreements, as well as related documents from various Venezuelan government entities. GRZ.VN: 5.400 (+0.070)
Gold Reserve Announces Extension of Memorandum of Understanding with Venezuela
BusinessWire - Sat May 28, 9:32AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the "MOU" from May 27, 2016 to June 21, 2016. GRZ.VN: 5.400 (+0.070)
Gold Reserve Announces Closing of Private Placement and Extension of Memorandum of Understanding with Venezuela
BusinessWire - Tue May 17, 3:41PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve"
is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement". Including the issuance of 5,210,000 Class A Common Shares of the Company ("Shares" previously announced by the Company, the Company has issued an aggregate of 8,562,500 Shares under the Private Placement at a price of US $4.00 per share for proceeds in the amount of US $34,250,000. The proceeds will be used by the Company for general working capital purposes. GRZ.VN: 5.400 (+0.070)
Gold Reserve Closes First Tranche of Private Placement
BusinessWire - Wed May 04, 5:39PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company" or "Gold Reserve"
is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Private Placement". To date, the Company has issued an aggregate of 5,210,000 Class A Common Shares of the Company (the "Shares" at a price of US $4.00 per share for proceeds in the amount of US $20,840,000. The Company has received conditional approval from the TSX Venture Exchange (the "TSXV" for the issuance of up to an aggregate of 9,500,000 Shares and has been granted an extension until May 15, 2016 to complete the sale of the remaining Shares pursuant to the Private Placement. The proceeds will be used by the Company for general working capital purposes. GRZ.VN: 5.400 (+0.070)
Gold Reserve Inc. Announces Extension of Memorandum of Understanding with the Venezuelan Government
BusinessWire - Mon Apr 25, 12:33PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the "MOU" from April 24, 2016 to May 12, 2016. GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Further Update to Legal Proceedings Related to Collection of Arbitration Award
BusinessWire - Thu Jan 21, 2:57PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
is pleased to report on legal activities in France, the United States and United Kingdom relating to the collection of its ICSID (Additional Facilities) arbitral award currently approximating US $765 million, including accrued post award interest. GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to Legal Proceedings Related to Collection of Arbitration Award
BusinessWire - Thu Jan 14, 6:00PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
reports on legal activities in relation to the various jurisdictions where is it attempting to collect on its $740 million ICSID (Additional Facility) arbitral award. GRZ.VN: 5.400 (+0.070)
Gold Reserve to Acquire Certain Alaska Mining Claims
BusinessWire - Wed Jan 13, 7:00AM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
announces that its wholly-owned subsidiary Gold Reserve Corporation, a company existing under the laws of the State of Montana ("Gold Reserve Montana", has entered into a Purchase and Sale Agreement (the "Agreement" with Raven Gold Alaska Inc. ("Raven", a wholly-owned subsidiary of Corvus Gold Inc., to acquire from Raven certain wholly-held Alaska mining claims, known as the LMS Gold Project (the "Property", together with certain personal property (collectively, with the Property, the "Assets". The transaction is fully arm's length and remains subject to the approval of the TSX Venture Exchange (the "Exchange". GRZ.VN: 5.400 (+0.070)
Gold Reserve Completes Issuance of US $12.3 Million of New Convertible Notes and Modifies Terms of Existing US $44 Million of Convertible Notes and Related Interest Notes
BusinessWire - Tue Dec 01, 12:14PM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
announces the closing of the previously announced financing of approximately US $12.3 million of new convertible secured notes ("New Notes" due December 31, 2018 and modification, amendment and extension of the maturity date of its approximately US $44 million outstanding principal and related interest notes from December 31, 2015 to December 31, 2018 ("Modified Notes". GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports U.S. District Court for the District of Columbia Enters Judgment against Venezuela in Excess of $760 Million; Denies Motion to Stay Enforcement
BusinessWire - Mon Nov 23, 10:55AM CST
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
wishes to report on an important development in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the arbitral award dated September 22, 2014 (the "Award" rendered in the Company's favor against the Bolivarian Republic of Venezuela ("Venezuela". GRZ.VN: 5.400 (+0.070)
Update - Gold Reserve Plans to Issue up to US $12.3 Million of New Convertible Notes and Extend Maturity Date of US $44 Million of Existing Notes
BusinessWire - Wed Oct 21, 4:00PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF):
GRZ.VN: 5.400 (+0.070)
Gold Reserve Plans to Issue Up to US $12.3 Million of New Convertible Notes and Extend Maturity Date of US $44 Million of Existing Notes
BusinessWire - Thu Sep 03, 6:16PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company"
is pleased to announce an agreement in principle with its largest noteholders representing 88% of its currently outstanding convertible notes ("Modified Notes" to issue up to US $12.3 million of new convertible notes ("New Notes" due December 31, 2018 and modify, amend and extend the maturity date of its US $44 million outstanding principal and accrued interest amount of previously modified notes ("Old Notes" from December 31, 2015 to December 31, 2018. The terms are binding subject to TSX Venture Exchange approval and negotiation and entry into definitive documents. The Company will issue the US $12.3 million New Notes with an original issue discount of 2.5% of the principal amount and will also issue New Notes representing 2.5% of the principal and interest amount to the current holders of the Modified Notes being extended as a restructuring fee. GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports on Recent Meeting with Venezuelan Government Officials
BusinessWire - Fri Aug 07, 3:15PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
is pleased to report on a recent meeting held with officials of the Bolivarian Republic of Venezuela. During July 2015 representatives from the Company, James H. Coleman, Chairman of the Board of Directors and Rockne J. Timm, CEO met with Jorge Arreaza, Vice President of the Bolivarian Republic of Venezuela, Reinaldo Munoz, acting Procurador General, Asdrubal Chavez, Minister of Oil and Mining, and Eulogio Del Pino, President of Petroleos de Venezuela, S.A. ("PDVSA". GRZ.VN: 5.400 (+0.070)
Gold Reserve Reports on Latest Developments in Luxembourg
BusinessWire - Tue Jun 30, 12:21PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
reports on recent developments occurring in Luxembourg in relation to its collection efforts of the US $740 million arbitral award dated September 22, 2014 (the "Award" which includes the award, pre-award interest and costs) rendered against the Bolivarian Republic of Venezuela ("Venezuela". GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to Legal Proceedings in US District Court for the District of Columbia
BusinessWire - Thu Jun 18, 12:21PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
reports on recent developments in the United States in relation to its collection efforts of the US $740 million arbitral award dated September 22, 2014 (the "Award" rendered against the Bolivarian Republic of Venezuela ("Venezuela". GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update to French Legal Activities
BusinessWire - Thu Apr 16, 5:38PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
is pleased to report on recent developments occurring in the Paris Court of Appeal in relation to Venezuela's attempt to annul the US $740 million arbitral award dated September 22, 2014 (the "Award", rendered in the Company's favor. GRZ.VN: 5.400 (+0.070)
Gold Reserve Provides Update Relating to US District Court Petition to Confirm the US $740 Million ICSID Award
BusinessWire - Thu Apr 16, 11:34AM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
is pleased to report that Venezuela has agreed to accept service of Gold Reserve's Petition, filed in the District Court of the District of Columbia, to confirm the US $ 740 million ICSID award dated September 22, 2014 (the "Award". Venezuela has further agreed to respond to the Petition to Confirm the Award within sixty (60) days of the agreed service date, i.e., on or before June 12, 2015 and Gold Reserve has agreed to vacate the clerk's entry of default entered on March 27, 2015 against Venezuela. The foregoing agreements have been recorded in an Order of the U.S. District Court for the District of Columbia dated April 15, 2015. GRZ.VN: 5.400 (+0.070)
U.S. District Court Enters Default Against Venezuela in Proceedings to Confirm $740 Million Award Instituted by Gold Reserve
BusinessWire - Mon Mar 30, 3:09PM CDT
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company"
is pleased to report on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the US $740 million arbitral award dated September 22, 2014 (the "Award", rendered against the Bolivarian Republic of Venezuela ("Venezuela". On March 27, 2015, the Court entered a default against Venezuela following its failure to file an appearance within the prescribed deadlines in the proceedings instituted by the Company. GRZ.VN: 5.400 (+0.070)
