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Gold Reserve delivers injunction motion; extends separation time under Rights Plan
SPOKANE, WA, Dec. 31 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) today announced t...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\nSPOKANE, WA, Dec. 31 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ)\n(TSX: GRZ) today announced that it has served and filed a motion in the\nOntario Superior Court of Justice seeking, among other things, an injunction\nto restrain Rusoro Mining Ltd. ("Rusoro") (TSX-V: RML.V) from proceeding with\nRusoro's unsolicited offer of December 15, 2008 (the "Offer") to acquire all\nof the outstanding shares and equity units of Gold Reserve in consideration\nfor three shares of Rusoro for each Gold Reserve share tendered under the\nOffer.\n\n\nAdditionally, pursuant to the Shareholder Rights Plan adopted on January\n29, 2006 and confirmed by its shareholders on March 22, 2006, and amended on\nDecember 18, 2008 (the "Rights Plan"), the Board of Directors has extended\nuntil January 20, 2009 the Separation Time (as defined in the Rights Plan)\ntriggered by the Non-Permitted Offer.\n\n\nOn December 30, 2008 Gold Reserve filed its Directors' Circular and its\nrecommendation statement in which the Gold Reserve Board of Directors\nrecommended that shareholders reject the December 15, 2008 unsolicited offer\nfrom Rusoro. The Circular describes the reasons for the Board's recommendation\nthat shareholders reject the Rusoro Offer. Investors and shareholders are\nstrongly advised to read the Directors' Circular and recommendation statement,\nas well as any amendments and supplements to those documents, because they\ncontain important information. Investors and shareholders may obtain a copy of\nthe Directors' Circular at www.sedar.com or the recommendation statement from\nthe United States Securities and Exchange Commission at www.sec.gov. Questions\ncan be directed to the Company's information agent, Laurel Hill Advisory\nGroup, at 1-888-295-4655. Copies of these documents will also be available at\nno charge from Laurel Hill Advisory Group. More information is available\nonline at: www.goldreserveinc.com under the Investor Relations section.\n\n\nJ.P. Morgan Securities Inc. and RBC Capital Markets are acting as\nfinancial advisors to Gold Reserve. Fasken Martineau DuMoulin LLP and Baker &\nMacKenzie LLP are serving as legal advisors.\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, Venezue...