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Gold Reserve Ltd V.GRZ

Alternate Symbol(s):  GDRZF

Gold Reserve Ltd., formerly Gold Reserve Inc., is an exploration stage company. The Company is engaged in the business of acquiring, exploring and developing mining projects. The Company owns certain wholly owned mining claims known as the LMS Gold Project (the LMS Property), together with certain personal property. The LMS Property is situated approximately 20 kilometers (km) north of Delta Junction, and 150 km southeast of Fairbanks, Alaska in the Goodpaster Mining District. The LMS Property, located in Alaska, remains at an early stage of exploration with limited annual on-site activities being conducted by the Company.


TSXV:GRZ - Post by User

Bullboard Posts
Comment by helpful1on Dec 04, 2016 12:22pm
179 Views
Post# 25552162

RE:RE:RE:RE:Sniffing around here

RE:RE:RE:RE:Sniffing around hereFirstly,i meant the $769m will be wired to their off shore account which is ring fenced.The funds are OUT of Venezuela.This is the portion of the award money.The shareholders that quality as per designated record date will then be entitled to the special dividend.The additional $240 M is for the mining data GRZ swiftly secured in U.S.A. So,that is how I came up with $1009 M total.So,with that kind of cash we could get taken out before you even see that special dividend? We just do not know when? The gold reserve is so large some major will be wanting to take us out & take the 45% for themselves.At this time we GRZ has the rights to that.Do you understand it now?
Bullboard Posts