Gold Reserve Provides Update on Legal Proceedings in Delaware
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) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) today provided an update on recent developments in its ongoing legal proceedings related to the Citgo sale process.The U.S. District Court for the District of Delaware issued a decision today denying Gold Reserve’s motion to disqualify the Special Master overseeing the Citgo Sale Process, his advisors — the law firm of Weil, Gotshal & Manges LLP (“Weil”) and Evercore Inc. — as well as the District Court Judge. The Court also denied a similar motion filed by the Venezuela Parties. The Court also stated that it does not intend to rule on the Amber Energy bid before November 21, 2025. Copies of the Court’s written opinion and order will be posted here.Gold Reserve respectfully disagrees with the ruling and continues to believe that the sale process was plagued with significant conflicts of interest, including the $170 million in fees collected by the Speci
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