Gold Reserve Inc. announces that it plans, subject to the approval of the TSX Venture Exchange , a non-brokered private placement to Rockne Timm, Doug Belanger and Robert McGuinness, , as Trustees for the Gold Reserve Corporation 401 Savings Plan Plan"), and James Coleman . As previously announced, the Board of Directors recommended, and the Plan [...]
Gold Reserve Inc. announces that its Board of Directors has approved a three-year cost reduction program to decrease cash operating costs while management continues its efforts to achieve the Company's objectives which include collecting the remaining amounts owed to the Company by Venezuela pursuant to the existing Settlement Agreement and [...]
Gold Reserve Inc. announces the grant of 50,000 stock options to Robert A. McGuinness, Chief Financial Officer of the Company. The stock options granted today are exercisable at US $1.61, have a 10-year term, and have been issued under the Company’s existing 2012 Equity Incentive Plan. Further information regarding the Company can be located at [...]
Gold Reserve Inc. announced that, at the annual general and special meeting of Shareholders held earlier today, James H. Coleman, Rockne J. Timm, A. Douglas Belanger, James P. Geyer, Yves M. Gagnon, Robert A. Cohen and James Michael Johnston were elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until [...]
Gold Reserve Inc. completed its previously announced return of capital transaction on June 14, 2019, by way of a court approved plan of arrangement . As previously announced, the Arrangement became effective at 12:01 a.m. on June 14, 2019 . As described in the Company’s management information circular dated April 30, 2019, following the [...]
Gold Reserve Inc. is pleased to announce today the completion of the previously announced return of capital transaction by way of a plan of arrangement pursuant to which Gold Reserve Inc. will return to holders of its Class A common shares approximately US$75 million or approximately US$0.76 per Class A Share. The Arrangement was made effective at [...]
Gold Reserve Inc. is pleased to announce that, at the annual general and special meeting of holders of its Class A common shares held today , Shareholders overwhelmingly voted in favour of the special resolution to approve the previously announced return of capital transaction by way of a plan of arrangement . Subject to the terms and conditions of [...]
Gold Reserve Inc. is providing an update regarding its previously announced intention to return between US$90 and US$100 million in the aggregate to holders of its Class A common shares pursuant to a return of capital transaction . Following the Government of Canada’s decision on April 15, 2019 to impose sanctions against 43 additional [...]
Gold Reserve Inc. today finalized its plan to distribute a portion of the funds received in connection with the July 2016 settlement agreement, as amended , pursuant to which the Bolivarian Republic of Venezuela agreed to pay the Company $1.032 billion to satisfy the award granted in the Company’s favour by the International Centre for [...]
Gold Reserve Inc. reports that a trust account at Bandes Bank in Venezuela that holds approximately $21.5 million of the Company's funds has been blocked by the US Government under new US sanctions targeting certain Venezuelan financial institutions. On March 22, 2019, the US Treasury Department's Office of Foreign Assets Controls designated Bandes [...]
Gold Reserve Inc. reports that it currently has a cash balance of $167 million with current liabilities of approximately $3 million. The Board of Directors have decided to distribute to shareholders a minimum of $90 million with the final distribution amount and method to be determined by the Board in the coming weeks. In July 2016, we signed a [...]
Gold Reserve Inc. today announced that for the nine months ended September 30, 2018 the Company had net earnings after tax of US$67.8 million or US$0.68 per share compared to US$81.8 million or US$0.89 per share in the same period of 2017. For the three months ended September 30, 2018 the Company had net earnings after tax of US$3.7 million or [...]
