Tuesday, 17 June 2025
Home Gold Reserve Announces Objections to CITGO Bid Recommendation

The following content is a news release distributed by . The original news release may be found here.

Gold Reserve Announces Objections to CITGO Bid Recommendation

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that on March 31, 2025, multiple objections were filed in the U.S. District Court for the District of Delaware (the “Court”) to the recommendation made by the Special Master to select the $3.699 billion bid made by Red Tree Investments, an indirect subsidiary of Contrarian Capital Management, LLC (collectively, “Contrarian”), instead of the $7.1 billion bid by Dalinar En...

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