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Gold Reserve Inc V.GRZ

Alternate Symbol(s):  GDRZF

Gold Reserve Inc. is an exploration stage company, which is engaged in the business of acquiring, exploring, and developing mining projects. The Company's exploration prospects include Siembra Minera and LMS Gold Project. Siembra Minera holds certain gold, copper, silver, and other strategic mineral rights within Bolivar State comprising approximately 18,950 hectares in an area located in the Km 88 gold mining district of southeast Bolivar State which includes the historical Brisas and Cristinas areas. The mineral rights held by Siembra Minera have a 20-year term with two 10-year extensions. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by the Company. The Company's subsidiaries include Gold Reserve Corporation, GR Mining (Barbados) Inc., GR Procurement (Barbados) Inc., and GR Mining Group (Barbados) Inc.


TSXV:GRZ - Post by User

Post by slappyjoon Nov 28, 2023 4:01pm
237 Views
Post# 35757158

Court update

Court updatePetrleos de Venezuela, S.A. (“PDVSA) writes to inform the Court, consistent with this Court’s July 17, 2023 Memorandum Order (D.I. 644), that a hearing was held on November 21, 2023, in Petrleos de Venezuela, S.A. v. PDV Holding, Inc., C.A. No. 2023-0778-PAF (Del. Ch.). In the hearing, the Chancery Court confirmed that PDV Holding, Inc. (“PDVH”) had complied with the Chancery Court’s Order by publishing notices to notify potential third parties who claim an interest in the shares of PDVH that their claimed interest in the share may be affected by the outcome of the Chancery proceeding. Further, the Chancery Court noted that no third parties appeared at the hearing to claim an interest in the PDVH shares or filed any such claims with the Chancery Court. The Chancery Court took the matter under advisement.
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