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Home Gold Reserve Announces up to US$30 Million Brokered Private Placement of Common Shares

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

Gold Reserve Announces up to US$30 Million Brokered Private Placement of Common Shares

TORONTO--(BUSINESS WIRE)--Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement of Class A common shares of the Company (the "Common Shares") for anticipated gross proceeds of up to US$30.0 million at a price per Common Share of US$4.10 (the “Offering”). Net proceeds from the Offering are expected to be used for expendit...

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