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Gold Reserve Announces Filing of Opposition to Defendant Rusoro Mining Ltd.’s Motion to Dismiss in Delaware Court of Chancery
PEMBROKE, Bermuda, February 02, 2026--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that is has filed an Opposition to Defendant Rusoro Mining Ltd.’s ("Rusoro") Motion to Dismiss in its proceedings in the Court of Chancery of the State of Delaware.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"PEMBROKE, Bermuda, February 02, 2026--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that is has filed an Opposition to Defendant Rusoro Mining Ltd.’s ("Rusoro") Motion to Dismiss in its proceedings in the Court of Chancery of the State of Delaware.","length":353,"tagName":"p"},{"type":"text","content":"In its Verified Complaint filed on November 7, 2025, Gold Reserve alleged that Rusoro knowingly and intentionally breached its contractual obligations owed to Gold Reserve under the parties’ consortium agreement, which dictated how the parties would coordinate and support their joint bid in the judicial sale of PDVH shares pending in the Delaware district court. Gold Reserve seeks a preliminary injunction to enjoin Rusoro from participating in the sale of the PDVH shares, in addition to other forms of relief.","length":514,"tagName":"p"},{"type":"text","content":"In its Opposition, Gold Reserve argues that Rusoro’s Motion to Dismiss puts forward no valid basis for dismissal of Gold Reserve’s claims, and that the Motion should be denied in its entirety.","length":192,"tagName":"p"},{"type":"text","content":"A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic Records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.","length":258,"tagName":"p"},{"type":"text","content":"Cautionary Statement Regarding Forward-Looking statements","length":57,"tagName":"p"},{"type":"text","content":"This release contains "forward-looking statements" within the meaning of applicable U.S. federal securities laws and "forward-looking information" within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. They are frequently characterized by words such as "anticipates", "plan&...