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GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT
GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT ...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n PEMBROKE\n \n ,\n \n Bermuda\n \n\n ,\n \n\n March 5, 2025\n \n\n /CNW/ -- Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) announced today that its wholly owned subsidiary, GR Mining (\n \n Barbados\n \n ) Inc. (GR Mining), filed a request for arbitration against the Bolivarian Republic of\n \n Venezuela\n \n (\"\n \n Venezuela\n \n \") under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes of the World Bank in\n \n Washington, D.C.\n \n\n\n The arbitration arises from\n \n Venezuela's\n \n arbitrary and unlawful measures that deprived GR Mining of its rights to, and materially damaged its investment in, the multi-billion-dollar Siembra Minera mining project located in\n \n Venezuela\n \n .\n \n\n The precise amount of GR Mining's loss is subject to quantification in the arbitration but, at present, is estimated to exceed USD\n \n $7 billion\n \n .\n \n\n A copy of the request for arbitration has been posted on the Company's website, and is available\n \n\n here\n \n\n .\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.\n \n\n They are frequently characterized by words such as \"anticipates\", \"plan\", \"continue\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\",...