Business
Gold Reserve Inc. announces notification of delisting from the Toronto Stock Exchange
SPOKANE, WA, Nov. 30, 2011 /CNW/ - Gold Reserve Inc. (TSX: GRZ) (NYSE-Amex: GRZ) (the "Compan...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n\n\nSPOKANE, WA, Nov. 30, 2011 /CNW/ - Gold Reserve Inc. (TSX: GRZ)\n (NYSE-Amex: GRZ) (the \"Company\") has received today a notice from the\n Toronto Stock Exchange that the Company does not meet the Original\n Listing Requirements (\"OLRs\") of the exchange due to the illegal\n expropriation of the Brisas property by the Venezuelan government.\n\n\nTrading in the Company's common shares will continue for 30 days during\n which time the Company has a right to appeal this decision. Should the\n appeal be unsuccessful, Gold Reserve will seek a listing on an\n alternative Canadian exchange such as the TSX Venture Exchange or the\n NEX so that there is, to the extent possible, uninterrupted trading for\n the Company's securities. Regardless, the Company remains listed on the\n NYSE-Amex under the terms of a continued listing agreement that was\n entered in October.\n\n\nThe Company's international arbitration against the Republic of\n Venezuela regarding the illegal expropriation of its Venezuelan\n properties is proceeding well with the hearing scheduled for February\n 2012. The Company also continues to pursue possible settlement of the\n arbitration but no assurances can be given at this time that it will be\n successful in reaching a settlement.\n\n\nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS\n\n\nThis release contains forward-looking statements that state Gold\n Reserve's or its management's intentions, hopes, beliefs, expectations\n or predictions for the future. In this release, forward-looking\n statements are necessarily based upon a number of estimates and\n assumptions that, while considered reasonable by management at this\n time, are inherently subject to significant business, economic and\n competitive uncertainties and contingencies.\n\n\nWe caution that such forward-looking statements involve known and\n unknown risks, uncertainties and other risks that may cause the actual\n outcomes, financial results, performance, or achievements of Gold\n Reserve to be materially different from our estimated outcomes, future\n results, performance, or achievements expressed or implied by those\n forward-looking statements.\n\n\nNumerous factors could cause actual results to differ materially from\n those in the forward-looking statements, including without limitation:\n our ability to satisfy the requirem...