Gold Reserve Ltd V.GRZ

Alternate Symbol(s): GDRZF

Metals & Mining Gold

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.

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Gold Reserve Ltd > Amber Energy selected by Special Master to acquire CITGO

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Post by Digby8on Sep 27, 2024 4:55pm

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Post# 36244723

Amber Energy selected by Special Master to acquire CITGO

Amber Energy selected by Special Master to acquire CITGO

Amber Energy Inc has been selected as the acquirer of PDV Holding, Inc., the parent of CITGO Petroleum Corporation, by Robert Pincus, the Special Master appointed by the United States District Court for the District of Delaware to oversee the sale of PDV Holding, Inc.
Amber Energy is backed by a group of strategic U.S. energy investors, including Elliott Investment Management L.P.
The transaction is expected to close in mid-2025, pending certain regulatory and other approvals, including approval by the U.S. District Court for the District of Delaware, and the satisfaction of certain conditions including those related to the Court process.
Terms undisclosed
- Although Bloomberg headlines indicate Elliott's offer was for $7.28B, citing a Delaware Court filing.