Gold Reserve Inc. announces today that the Company has been advised by the Internal Revenue Service that it will issue Notices of Proposed Adjustment proposing to disallow the worthless stock deductions taken by the Company's U.S. subsidiary for the 2017 tax year and tax income on or related to the arbitration award that may be received by the Company in the future . As previously disclosed, including in the Q2 2023 [...]
Gold Reserve Inc. announced that, at the annual general meeting of shareholders held November 15th, 2023 , James H. Coleman, Rockne J. Timm, Yves M. Gagnon, Robert A. Cohen, James Michael Johnston, James Tunkey and David Knight were elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until their successors are duly elected or appointed. David Knight was not on the slate of [...]
Gold Reserve Inc. announces that on July 27, 2023 the U.S. District Court for the District of Delaware issued a decision on certain issues concerning the PDVH sale process, including determining the process by which creditors of the Bolivarian Republic of Venezuela and Petroleos de Venezuela, S.A. can be named "Additional Judgment Creditors" and thereby participate in the previously announced sale process for the shares [...]
Gold Reserve Inc. announces that on July 7, 2023 the United States Court of Appeals for the Third Circuit issued a judgment affirming the orders of the United States District Court for the District of Delaware issued on March 23, 2023 and March 31, 2023 . Rockne J. Timm, CEO stated, "The ruling by the Third Circuit is welcome but, at the same time, and subject to applicable sanctions laws in the U.S. and Canada, we are [...]
Gold Reserve Inc. is pleased to announce that on May 1, 2023 the U.S. Office of Foreign Assets Control published guidance stating that it will not take enforcement action against individuals or entities participating in the previously announced sales process for the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp. The sales process of the PDVH shares is being overseen by the United States [...]
Gold Reserve Inc. is pleased to announce that it was granted a conditional writ of attachment fieri facias from the U.S. District Court of Delaware regarding the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp. This order furthers the decision of the Delaware Court in January 2023 that Gold Reserve's request for an attachment writ be treated the same as that of certain Other Creditors of [...]
Gold Reserve Inc. announced that, at the annual general meeting held earlier today, James H. Coleman, Rockne J. Timm, James P. Geyer, Yves M. Gagnon, Robert A. Cohen, James Michael Johnston, and James Tunkey were elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until their successors are duly elected or appointed, PricewaterhouseCoopers LLP were appointed as auditors of the [...]
Gold Reserve Inc. today announced that its Board of Directors granted 165,000 stock options to employees. Dave Onzay, CFO received a grant of 100,000. These stock options are exercisable at US $0.99 and have a 10-year term and have been issued pursuant to the Company's 2012 Equity Incentive Plan . Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov/edgar, and www.sedar.com [...]
Gold Reserve Inc. announced that it has learned that The Ministry of Mines of Bolivarian Republic of Venezuela issued a Resolution that purports to revoke the mining rights of the Venezuelan Joint Venture Company, Siembra Minera SA for alleged non-compliance with certain Venezuelan mining regulations. The Resolution states that Siembra Minera SA may exercise remedies concerning the revocation in administrative proceedings [...]
Gold Reserve Inc. announced that Robert A. McGuinness, the Company's Vice President -Finance and Chief Financial Officer, has retired effective December 31, 2021. "On Behalf of all my Gold Reserve colleagues and the Board of Directors, I want to extend our appreciation to Bob. I would like to thank and acknowledge Bob's many contributions, outstanding service and valued counsel and his 28 years with the Company. Bob will [...]
Gold Reserve Inc. announced that, at the annual general meeting held earlier today, James H. Coleman, Rockne J. Timm, A. Douglas Belanger, James P. Geyer, Yves M. Gagnon, Robert A. Cohen and James Michael Johnston were elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until their successors are duly elected or appointed, PricewaterhouseCoopers LLP were appointed as auditors [...]
Gold Reserve Inc. today announced that its Board of Directors granted the previously announced issuance of 2,983,750 stock options to officers, directors and consultants. These stock options are exercisable at US$1.60, have a 10-year term and have been issued pursuant to the Company's 2012 Equity Incentive Plan . The intention to grant these stock options was announced by the Company by a news release issued on May 19 [...]
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