Gold Reserve Announces Settlement of certain Contingent Value Rights and Bonus Entitlements
GOLD RESERVE INC A NEW (GDRZF)
NASDAQ:AMEX Investor Relations:
goldreserveinc.com
Company Research
Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) announced that it has settled certain contingent obligations with participants of its 2012 bonus plan (the “Bonus Plan”) and holders of contingent value rights (“CVRs”) issued in 2012.In February 2026, the Company offered all Bonus Plan participants and CVR holders the opportunity to settle all or a portion of their respective entitlements in exchange for a cash payment (the “Settlement Offers”). The Settlement Offers remained open for acceptance until March 9, 2026.Pursuant to the Settlement Offers accepted by Bonus Plan participants and CVR holders, the Company will pay an aggregate of $4.86 million to settle both (a) approximately 20% of its outstanding contingent obligations under the Bonus Plan and (b) approximately 28% of its outstanding contingent obligations under the CVRs.“We began this process initially prior to the recent change in events in Ve
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