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Gold Reserve Inc. announces results of Annual Meeting and grant of stock options to independent directors
SPOKANE , WA, June 11, 2013 /CNW/ - Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Co...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\nSPOKANE, WA, June 11, 2013 /CNW/ - Gold Reserve Inc. (TSX.V:GRZ)\n (OTCQB:GDRZF) (the \"Company\") announced today that the shareholders of\n the Company approved all items voted on at the Company's Annual and\n Special Meeting held today.\n\n\nThe three matters voted on at the meeting included the election of\n Directors, appointment of the auditors, and the annual approval of the\n Equity Incentive Plan.  All items were approved as follows:\n\n\n\n\n\nItem\n\n\n \n\n\nPercentage Approval\n\n\nElection of Directors\n\n\n \n\n\n99%\n\n\nAuditors\n\n\n \n\n\n99%\n\n\nRe-approval of 2012 Equity Incentive Plan\n\n\n \n\n\n95%\n\n\n\n\n\nOn June 11, 2013 the Board of Directors approved the grant of 50,000\n stock options to each of the five independent directors.  The options\n have been issued under the Company's existing 2012 Equity Incentive\n Plan, have a five-year term and are exercisable at US $3.00.\n\n\nFurther information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov and www.sedar.com. \n\n\n\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 outcome of the Company's arbitration against the Bolivarian Republic of\n Venezuela; continued servicing or restructuring of the Company's\n convertible notes or other obligations as they come due; equity\n dilution resulting f...