Gold Reserve Notes Issuance of OFAC General License 51 Related to Venezuelan-Origin Gold
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) today noted the issuance by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of General License 51 (“GL 51”), which authorizes certain transactions involving Venezuelan-origin gold under specified conditions.GL 51 authorizes transactions that are ordinarily incident and necessary to the exportation, sale, supply, storage, purchase, delivery, or transportation of Venezuelan-origin gold for importation into the U.S., the refining of such gold in the U.S., and the resale or exportation of such gold from the U.S., provided that such activities are conducted by an established U.S. entity. The license includes customary compliance requirements, including the use of designated accounts for payments and proceeds and remains subject to all applicable U.S. sanctions regulations and reporting obligations.Gold Reserve is reviewing the t
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