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Gold Reserve Announces Upsizing of Previously Announced Common Share Financing to US$75 Million
PEMBROKE, Bermuda, February 11, 2026--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces it has revised the terms of its engagement letter with Cantor Fitzgerald Canada Corporation ("CFCC" or the "Agent"), increasing the size of the previously announced private placement of common shares of the Company (the "Common Shares") to gross proceeds of up to approximately US$75 million (the "Offering") at a price per Common Share of US$3.00 (the "Issu
About this update from Gold Reserve Ltd.
[{"type":"text","content":"PEMBROKE, Bermuda, February 11, 2026--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces it has revised the terms of its engagement letter with Cantor Fitzgerald Canada Corporation ("CFCC" or the "Agent"), increasing the size of the previously announced private placement of common shares of the Company (the "Common Shares") to gross proceeds of up to approximately US$75 million (the "Offering") at a price per Common Share of US$3.00 (the "Issue Price").","length":597,"tagName":"p"},{"type":"text","content":"The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about February 26, 2026 (the "Offering Closing Date") and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the subsequent listing of the Common Shares to be issued in connection with the Offering remains subject to the approval of the BSX.","length":603,"tagName":"p"},{"type":"text","content":"The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase at the Issue Price of up to an additional 25% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to approximately US$93.75 million in gross proceeds from the issuance of Common Shares.","length":505,"tagName":"p"},{"type":"text","content":"The Common Shares will be offered on a "best efforts" private placement basis pursuant to applicable exemptions in each of the provinces of Canada under National Instrument 45-106 – Prospectus Exemptions and in the United States on a private placement basis pursuant to applicable exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and applicable state securities laws, and in such other jurisdicti...