Gold Reserve Closes Strategic US$75 Million Financing
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) is pleased to announce the successful closing of its US$75 million private placement financing (the “Financing”) with a group of primarily strategic investors. The Company issued a total of 24,999,999 common shares (“Common Shares”) at a price of US$3.00 per share.The Financing includes participation from several highly experienced, strategic investors that we expect will be a valuable resource to Gold Reserve as it works to return to Venezuela as soon as it is legally permitted. Gold Reserve believes this strong strategic investor participation underscores the confidence in the Company’s strategic direction and both its near-term and long-term objectives to pursue a return to Venezuela and mining operations.The Financing was significantly oversubscribed; however, after constructive and substantial discussion with the Company’s existing significant shareh
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