Business
Gold Reserve comments on withdrawal of Rusoro offer
SPOKANE, WA, Feb. 10 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) today issued the ...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\nSPOKANE, WA, Feb. 10 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ)\n(TSX: GRZ) today issued the following statement in response to Rusoro Mining\nLtd.'s (TSX-V: RML) ("Rusoro") withdrawal of its unsolicited offer of December\n15, 2008 to acquire all of the outstanding shares and equity units of Gold\nReserve:\n\n\n"We are pleased that Rusoro has withdrawn its offer and appreciate the\nsupport of our shareholders throughout this process. As we have said, we\nhave valuable assets and are committed to ensuring that our shareholders\nreceive full value for their investment in Gold Reserve."\n\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\nFORWARD-LOOKING STATEMENTS\n\n\nThis release contains forward-looking statements that may state Gold\nReserve's or its management's intentions, hopes, beliefs, expectations or\npredictions for the future. In this release, forward-looking statements are\nnecessarily based upon a number of estimates and assumptions that, while\nconsidered reasonable by management at this time, are inherently subject to\nsignificant business, economic and competitive uncertainties and\ncontingencies. We caution that such forward-looking statements involve known\nand unknown risks, uncertainties and other risks that may cause the actual\nfinancial results, performance, or achievements of Gold Reserve to be\nmaterially different from our estimated future results, performance, or\nachievements expressed or implied by those forward-looking statements. While\ncertain statements in this release may be within the meaning of\n"forward-looking statements" under Section 21E of the Securities Exchange Act\nof 1934, as amended (the "Exchange Act"), the safe harbor provided by Section\n21E of the Exchange Act does not apply to any forward-looking statements made\nin connection with the Offer, including the forward-looking statements\ncontained in this release. Numerous factors could cause actual results to\ndiffer materially from those in the forward-looking statements, including\nwithout limitation, concentration of operations and assets in Venezuela;\ncorruption and uncertain legal enforcement; the outcome of any potential\nproceedings under the Vene...