Gold Reserve Files Notice of Objection to Amber Energy Bid and Provides Update on Other Recent Filings in CITGO Sale Process

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[{"type":"text","content":"Gold Reserve Files Notice of Objection to Amber Energy Bid and Provides Update on Other Recent Filings in CITGO Sale Process\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) provides an update on three recent filings in the CITGO Sale Process being run by the U.S. District Court for the District of Delaware (the “Court”):\n \n\n 1. On September 2, 2025, the Company filed a Notice of Competing Objection and Disclosure of Bid Materials in which it confirmed that it is a Competing Objector, and therefore that it will present its Improved Bid to the Court and request that it be approved instead of the $2 billion lower-priced Amber Energy bid. In conjunction therewith, the Company filed bid materials that had not already been filed on the public docket. A copy of the filing will be posted\n \n here\n \n .\n \n\n 2. On September 2, 2025, the Company filed a letter with the Court in which it joined the Venezuela Parties’ request that the Court direct the Special Master to serve fully unredacted versions of the transcripts of the Special Master’s August 11 and 13\n \n ex parte\n \n conferences with the Court on parties that have signed a confidentiality agreement with the Special Master. A copy of the letter will be posted\n \n here\n \n .\n \n\n 3. On August 30, 2025, the Company filed a letter with the Court requesting, in connection with the Special Master’s Updated Final Recommendation, that the Court stay its decision on the Special Master’s request to terminate the Dalinar Energy bid until the Court rules on Gold Reserve’s pending Motion to Strike the Amber Energy bid or, in the alternative, that the Court set a briefing schedule for the Special Master’s request that tracks the existing schedule for objections to the Updated Final Recommendation. A copy of the filing will be posted\n \n here\n \n .\n \n\n A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic Records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.\n \n\n\n Cautionary Statement Regarding Forward-Looking statements\n...

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