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Bullboard - Stock Discussion Forum 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... see more

TSXV:GRZ - Post Discussion

Gold Reserve Ltd > Stock certificates delivered
View:
Post by slappyjo on Dec 21, 2023 6:23am

Stock certificates delivered

ROBERT B. PINCUS in his capacity as Special Master for the United States District Court for the District of Delaware PO Box 4570 Wilmington, DE 19807

December 20, 2023

BY HAND DELIVERY & CM/ECF

The Honorable Leonard P. Stark
United States District Court for the District of Delaware
J. Caleb Boggs Federal Building
844 North King Street
Wilmington, DE 19801-3570

RE: Crystallex International Corp. v. Bolivarian Republic of Venezuela, D. Del. C.A. No. 1:17- mc-00151-LPS; Special Master’s Receipt of PDVH Share Certificate

Dear Judge Stark:

          I write to inform the Court that on December 18, 2023, PDVH hand delivered to me, through my counsel, the stock certificate numbered Certificate No. 3, representing 1,000 shares of common stock of PDVH owned by PDVSA.1 As ordered by the Court, I will hold and keep safe the share certificate until further order of the Court. See Mem. Order [D.I. 644] (July 17, 2023) (“PDVSA SHALL PROVIDE AND DEPOSIT WITH THE SPECIAL MASTER THE SHARE CERTIFICATE demonstrating PDVSA’s ownership of 100% of the shares of PDVH, which the Special Master shall hold and keep safe until further order of the Court.” (emphasis in original)).

Sincerely,

s/ Robert B. Pincus Robert B. Pincus, in my capacity as
Special Master for the United States District Court
for the District of Delaware
Comment by helpful1 on Dec 21, 2023 10:39am
O.K. Why was this done & how does that affect Gold Reserve.As, we all know Crystallex Int Corp is first in Line of all the creditors.
Comment by slappyjo on Dec 21, 2023 10:45am
It was ordered by the court. This is very important as it allows those physical shares of Citgo, now in possession of the Special Master, to be sold. This effects every company who is legally owed money from Venezuela.  Once these shares are sold, those proceeds will be used to pay Crystallex, GRZ and the others.
Comment by helpful1 on Jan 04, 2024 10:55am
Slappyjo when do you think this will happen?  I have not seen a news release from Special MASTER Lately? Munduro is up to no good tryine to seize another country !!!. Nicloas Mundro needs to be punished maybe he will be out in next election.
Comment by slappyjo on Jan 04, 2024 1:58pm
The Special Master has the certificates.  The Sales Process begins in a couple of weeks with, I believe, initial bids and will continue through the summer.  None of this has anything to do with Maduro or Venezuela politics. There is some concern about Venezuela making a deal out of court with Crystallex (and COF) which might end this case for everyone else.  Crystallex is the ...more  
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