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Gold Reserve Announces Filing of Complaint in Delaware Court of Chancery Against Rusoro Mining Ltd.
Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the ...
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[{"type":"text","content":"Gold Reserve Announces Filing of Complaint in Delaware Court of Chancery Against Rusoro Mining Ltd.\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announced that it has filed a Verified Complaint in the Court of Chancery of the State of Delaware against Rusoro Mining Ltd. (“Rusoro”).\n \n\n The complaint asserts that Rusoro knowingly and materially breached its contractual obligations under a consortium agreement entered into between the companies in connection with the judicially supervised Citgo sale process in Delaware.\n \n\n Gold Reserve is seeking preliminary injunctive relief to enjoin Rusoro from participating in the sale process during the pendency of the action, among other forms of relief.\n \n\n 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.\n \n\n\n Cautionary Statement Regarding Forward-Looking statements\n \n\n\n\n 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\", \"continue\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\", \"may\", \"will\", \"potential\", \"proposed\", \"positioned\" and other similar words, or statements that certain events or conditions \"may\" or \"will\" occur. Forward-looking statements contained in this press release include, but are not limited to, statements relating to any bid submitted by the Company for the purch...