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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

Comment by helpful1on Jan 10, 2024 3:15pm
111 Views
Post# 35820022

RE:RE:RE:RE:Tax Implications on the Award Collection ?

RE:RE:RE:RE:Tax Implications on the Award Collection ?My number is Gold Reserve is owed $1.1 billion divided by approximately 100 Million shares is $10 USD X exchange rate of 1.3 is $13 Canadian. We also have a Brandes trust of $40 M frozen which we entitled too. So if Citgo sale brings in $12 B we should the above.  I did not deduct taxes whereas you did.How did you figure -25% taxes,expenses. We still have cah on hand & that amount go beyond to pay any taxes.So,let us see how it all pans out in the future.
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