Gold Reserve
Minerals & Mining · Washington, United States · 1-10 Employees
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Overview
Headquarters
999 W Riverside Ave Ste 401, Spokane, Wa...Website
goldreserve.bmRevenue
<$5 MillionIndustry
About Gold Reserve
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Share Placement
$10M
Private Equity
$30M
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Gold Reserve News & Media
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
HOUSTON (Reuters) -Gold Reserve on Wednesday filed a motion to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management that a Delaware court this month selected as frontrunner in an auction for Citgo Petroleum's parent, a court document said. A court officer overseeing the auction of PDV Holding, parent of Venezuela-owned refiner Citgo, determined this month that a $5.86 billion offer from Elliott affiliate Amber Energy was the best bidGold Reserve Wins Appeal at Portugal Supreme Court
PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce that in a recently published decision, Portugal’s Supreme Court upheld a decision recognizing the Company’s 2014 international arbitration award (the “Award”) against the Bolivarian Republic of Venezuela (“Venezuela”) and rejecting the state’s sovereign immunity and public policy defenses. The total amount owed by Venezuela under the Award, inclusive of inteBondholders, bidders ready objections to Gold Reserve group's Citgo bid
HOUSTON (Reuters) -Lawyers representing holders of a defaulted Venezuelan bond and some bidders that participated in a U.S. auction of shares in the Venezuelan parent of U.S. refiner Citgo Petroleum are getting ready to object to the auction's recommended outcome, three sources close to the preparations said. The challenge to the $7.4 billion offer by a group led by a unit of miner Gold Reserve could again derail the sale of Venezuela's priced foreignGold Reserve's $7.38 billion bid recommended as winner of Citgo auction
(Reuters) -A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S. court to pay creditors for debt defaults and expropriations in the South American country. If the offer is approved, proceeds from the auction of PDV Holding would be enough to compensate 11 of the 15 creditors fighting in U.S. courts
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Frequently Asked Questions Regarding Gold Reserve
Gold Reserve Ltd is focused on monetizing its expertise and assets in Venezuela, primarily in gold and copper resources. The company is also pursuing its ownership of Citgo Petroleum through the Delaware forced sale process. Its intended clients include investors and stakeholders interested in the mining and energy sectors. Gold Reserve aims to lev... Read More
