Gold Reserve Inc. is pleased to announce that, at the annual general and special meeting of holders of its Class A common shares held today , Shareholders overwhelmingly voted in favour of the special resolution to approve the previously announced return of capital transaction by way of a plan of arrangement . Subject to the terms and conditions of [...]
Gold Reserve Inc. is providing an update regarding its previously announced intention to return between US$90 and US$100 million in the aggregate to holders of its Class A common shares pursuant to a return of capital transaction . Following the Government of Canada’s decision on April 15, 2019 to impose sanctions against 43 additional [...]
Gold Reserve Inc. today finalized its plan to distribute a portion of the funds received in connection with the July 2016 settlement agreement, as amended , pursuant to which the Bolivarian Republic of Venezuela agreed to pay the Company $1.032 billion to satisfy the award granted in the Company’s favour by the International Centre for [...]
Gold Reserve Inc. reports that a trust account at Bandes Bank in Venezuela that holds approximately $21.5 million of the Company's funds has been blocked by the US Government under new US sanctions targeting certain Venezuelan financial institutions. On March 22, 2019, the US Treasury Department's Office of Foreign Assets Controls designated Bandes [...]
Gold Reserve Inc. reports that it currently has a cash balance of $167 million with current liabilities of approximately $3 million. The Board of Directors have decided to distribute to shareholders a minimum of $90 million with the final distribution amount and method to be determined by the Board in the coming weeks. In July 2016, we signed a [...]
Gold Reserve Inc. today announced that for the nine months ended September 30, 2018 the Company had net earnings after tax of US$67.8 million or US$0.68 per share compared to US$81.8 million or US$0.89 per share in the same period of 2017. For the three months ended September 30, 2018 the Company had net earnings after tax of US$3.7 million or [...]
Gold Reserve Inc. announced that in the course of completing its interim consolidated financial statements for the period ended September 30, 2018, it was determined that there was an estimated $6.6 million overstatement of income tax expense and understatement of net income reported in the Company’s Consolidated Statement of Operations for [...]
Gold Reserve Inc. is pleased to provide an update on the transfer of funds from BANDES Bank associated with the Company’s Settlement Agreement with Venezuela. US $14.9 million has been transferred by BANDES Bank to the Company’s bank account in North America, leaving approximately US$22 million remaining in the Company’s trust [...]
Gold Reserve Inc. is pleased to provide an update on the payments related to the previously announced Settlement Agreement with Venezuela . Under the terms of the Settlement Agreement Venezuela agreed to pay Gold Reserve a total of approximately US $1.032 billion, comprised of approximately US $792 million in satisfaction of the arbitral ICSID [...]
Gold Reserve Inc. is pleased to announce that the mixed company Empresa Mixta Ecosocialista Siembra Minera S .A. , owned 45% by Gold Reserve and 55% by the Bolivarian Republic of Venezuela, has received the Permit to Effect for the Siembra Minera Gold Copper Project from the Venezuelan Ministry of the Environment. The SM Project is a [...]
Gold Reserve Inc. is pleased to provide the results of a Preliminary Economic Assessment of the Siembra Minera Gold Copper Project in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects . The Project is a gold-copper-silver deposit located in the Kilometre 88 mining district of Bolivar State in southeast [...]
Gold Reserve Inc. reported on activities in Venezuela with respect to the Siembra Minera S.A. gold/copper/silver project . Gold Reserve, Siembra Minera S.A. and their technical consultants are working to complete the Preliminary Economic Assessment in accordance with National Instrument 43-101. This study will include an up to date resource [...]