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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

Comment by agtavyon Jul 24, 2023 6:57am
129 Views
Post# 35553812

RE:RE:License Extension

RE:RE:License ExtensionThe Federal court in Delaware handling this case has no interest whatsoever in the election process in Venezuela.  However, the OFAC might. 

I think they are giving more extensions hoping individual settlements can be reached.  GRZ has been there and done that.  GRZ should do everything possible to get the now-$1 billion it's been owed since 2014(?). No more deals or broken promises.

One key paragraph worth noting:


The U.S. Treasury Department this month extended for three months through Oct. 19 a license protecting Citgo from holders of a 2020 bond defaulted by PDVSA. The license does not freeze the auction, but would require U.S. approvals for any winners in the process.


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