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Gold Reserve announces proposed amendments to unlisted warrants
Gold Reserve announces proposed amendments to unlisted warrants.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n\nSPOKANE, WA, Oct. 31 /CNW/ - Gold Reserve Inc. (TSX: GRZ - AMEX: GRZ)\nannounced today that it has received approval from the Toronto Stock Exchange\nto amend certain terms of the 2,680,500 unlisted warrants (the \"Warrants\") of\nGold Reserve Inc. (the \"Company\") that were originally issued by the Company\non November 4, 2004. Subject to the receipt of shareholder approval and the\nentering into a supplemental warrant indenture with the warrant agent,\neffective at 4:30 p.m. (Toronto time) on November 6, 2006, the expiry date of\nthe Warrants will be extended to July 31, 2007 and the exercise price of the\nWarrants will be amended from Cdn$6.50 to Cdn$6.55.\nAs the Company will be seeking shareholder approval for the proposed\namendments to the Warrants at the next annual meeting of shareholders\nanticipated to take place in the second quarter of next year, the Warrants\nwill not be exerciseable from 4:30 p.m. (Toronto time) on November 6, 2006\n(the date and time of their original expiry) until the date and time\nshareholders of the Company authorize the proposed amendments to the Warrants.\nShould the approval of shareholders of the Company not be obtained, the\nproposed amendments to the Warrants will not be effective.\n\nGold Reserve Inc. is a Canadian company, which holds the rights to the\nBrisas gold/copper project and the Choco 5 gold exploration property in\nBolivar State, Venezuela.\n\n\n","length":1478,"tagName":"div"}]