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Gold Reserve Announces Change in Procedure Regarding Offer for Remaining 5.50% Senior Subordinated Convertible Notes due 2022
SPOKANE, WA, Sept. 27, 2012 /CNW/ - Gold Reserve Inc. (TSX VENTURE:GRZ) (NYSE-MKT:GRZ) (the...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n\n\nSPOKANE, WA, Sept. 27, 2012 /CNW/ - Gold Reserve Inc. (TSX VENTURE:GRZ)\n (NYSE-MKT:GRZ) (the \"Company\") announced on September 18, 2012 that it\n was notifying holders (\"Holders\" or \"Noteholders\") of its 5.50% Senior\n Subordinated Convertible Notes due 2022 (the \"Notes\") of its offer\n (\"Offer\") to the Holders of an opportunity to participate in a\n restructuring transaction that has been agreed to with its four largest\n Noteholders (\"Large Noteholders\").\n\n\nThe Company has filed its Tender Offer Statement with respect to its\n offer to Holders of approximately 1.3% of the outstanding Notes\n (representing $1,080,000 in aggregate principal amount) to elect to\n accept the same arrangement as was agreed by the Company with the Large\n Noteholders. In order to surrender the Notes and participate in the\n Offer, Holders must deliver a letter of transmittal to the agent for\n the offer no later than 5:00 p.m., New York City time, on October 16,\n 2012 pursuant to the instructions in the Offer.\n\n\nThe Company has made available to Holders, documents specifying the\n terms, conditions and procedures for surrendering and withdrawing the\n Notes. The Company is issuing this press release to notify Holders that\n tender through DTC's Automated Tender Offer Program (ATOP) to also\n separately send fully executed original letters of transmittal directly\n to the agent for the Offer, U. S. Bank National Association, West Side\n Flats Operations Center, Attn: Lori Buckles, 60 Livingston Avenue, Mail\n Station - EP-MN-WS2N, St. Paul, MN 55107-2292.\n\n\nHolders are encouraged to read these documents carefully before making\n any decision with respect to the surrender of the Notes, because these\n documents contain important information regarding the details of the\n Company's obligation to repurchase the Notes. The Offer, letters of\n transmittal and related documents may be obtained free of charge at the\n SEC's website, www.sec.gov or by directing a request to the Company.\n\n\nThis press release shall not constitute an offer to sell or the\n solicitation of an offer to buy any securities, nor shall there be any\n sale of these securities in any jurisdiction in which such offer,\n solicitation or sale would be unlawful.\n\n\nFurther information regarding the Company can be located at www.goldreserveinc.com,\n\...