Gold Reserve Announces Objections to CITGO Bid Recommendation
GOLD RESERVE INC A NEW (GDRZF)
NASDAQ:AMEX Investor Relations:
goldreserveinc.com
Company Research
Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that on March 31, 2025, multiple objections were filed in the U.S. District Court for the District of Delaware (the “Court”) to the recommendation made by the Special Master to select the $3.699 billion bid made by Red Tree Investments, an indirect subsidiary of Contrarian Capital Management, LLC (collectively, “Contrarian”), instead of the $7.1 billion bid by Dalinar Energy.Objections were filed by numerous parties, including the following: (1) Gold Reserve; (2) Rusoro Mining Ltd.; (3) Koch Minerals Sarl and Koch Nitrogen International Sarl; (4) Siemens Energy Inc.; and (5) CITGO Petroleum Corp and PDV Holding, Inc. In addition, a response and reservation of rights was filed by U.S. Bank National Association and GLAS Americas LLC, which are the Trustee and Collateral Agent for the PDVSA 2020 Bonds, respectively. Copies of these objections and responses can
Show less
Read more
Impact Snapshot
Event Time:
GDRZF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GDRZF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GDRZF alerts
High impacting GOLD RESERVE INC A NEW news events
Weekly update
A roundup of the hottest topics
GDRZF
News
- Gold Reserve Provides Update in CITGO Sale Process: Gold Reserve Files Statement in Support of Stay Pending AppealBusiness Wire
- Gold Reserve Provides Update in CITGO Sale Process: Multiple Parties Appeal Final Sale OrderBusiness Wire
- Gold Reserve Provides Update on Citgo Sale Process: Delaware District Court Enters Final Sale Order for Sale to Elliott/AmberBusiness Wire
- Gold Reserve Provides Update on Court Decision in Citgo Sale Process: Delaware District Court Adopts Special Master’s Recommendation of Elliott/Amber Energy $5.9 Billion Bid Over ObjectionsBusiness Wire
- Gold Reserve Prevails in ICC Arbitration Against BANDESBusiness Wire