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Gold Reserve Announces Settlement of certain Contingent Value Rights and Bonus Entitlements
Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX:...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"Gold Reserve Announces Settlement of certain Contingent Value Rights and Bonus Entitlements\n\n\n\n\n\n\n Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) announced that it has settled certain contingent obligations with participants of its 2012 bonus plan (the “Bonus Plan”) and holders of contingent value rights (“CVRs”) issued in 2012.\n \n\n In February 2026, the Company offered all Bonus Plan participants and CVR holders the opportunity to settle all or a portion of their respective entitlements in exchange for a cash payment (the “Settlement Offers”). The Settlement Offers remained open for acceptance until March 9, 2026.\n \n\n Pursuant to the Settlement Offers accepted by Bonus Plan participants and CVR holders, the Company will pay an aggregate of $4.86 million to settle both (a) approximately 20% of its outstanding contingent obligations under the Bonus Plan and (b) approximately 28% of its outstanding contingent obligations under the CVRs.\n \n\n “We began this process initially prior to the recent change in events in Venezuela as we wanted to begin to pragmatically clean-up our capital structure,” said Paul Rivett, Vice Chair of Gold Reserve, “We thank these holders, many of whom are also long-term supportive shareholders, for participating in this liquidity event and supporting the transformation of Gold Reserve.”\n \n\n\n About Gold Reserve\n \n\n\n Gold Reserve is a primarily U.S.-owned mineral exploration and development company focused on advancing high-quality mineral assets with the objective of creating sustainable long-term value for shareholders. The Company is listed on the TSX Venture Exchange (TSX-V: GRZ), the Bermuda Stock Exchange (BSX: GRZ.BH), and trades in the United States on the OTCQX (OTCQX: GDRZF).\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...