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Gold Reserve injunction motion to be heard by the Ontario Superior Court of Justice on February 4, 2009
SPOKANE, WA, Jan. 8 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) ("Gold Reserve" or...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\nSPOKANE, WA, Jan. 8 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX:\nGRZ) ("Gold Reserve" or the "Company") today announced that a Judge of the\nOntario Superior Court of Justice has fixed Wednesday, February 4, 2009 as the\nhearing date for Gold Reserve's injunction motion (the "Injunction"). The\nInjunction seeks, among other things: (a) to restrain Rusoro Mining Ltd.\n(TSX-V: RML) ("Rusoro") from proceeding with Rusoro's unsolicited offer of\nDecember 15, 2008 (the "Offer") to acquire all of the outstanding shares and\nequity units of Gold Reserve; and (b) to compel Endeavour Financial\nInternational Corporation to return to Gold Reserve confidential information\nrelating to Gold Reserve's business.\n\n\nIn Rusoro's press release dated Monday, January 5, 2009, Rusoro\nacknowledged that it had accessed Gold Reserve's Choco 5 property. Gold\nReserve did not authorize such access. Gold Reserve still has not been\nprovided the confidential information regarding Choco 5 that Rusoro obtained\nwithout permission.\n\n\nIn its Directors' Circular and Schedule 14D-9, the Gold Reserve Board\nunanimously recommends that all Gold Reserve shareholders reject the Rusoro\nOffer and not tender their shares. Shareholders are encouraged to read the\nCompany's Directors' Circular and Schedule 14D-9, which are available at\nwww.sedar.com or www.sec.gov respectively or on the Company's website at\nwww.goldreserveinc.com, and to carefully consider the reasons for the Board's\nunanimous recommendation to reject the Rusoro Offer.\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\nCertain statements included herein or in the Directors' Circular may\nconstitute "forward-looking statements" within the meaning of the United\nStates Private Securities Litigation Reform Act of 1995. Forward-looking\nstatements are necessarily based upon a number of estimates and assumptions\nthat, while considered reasonable by management at this time, are inherently\nsubject to significant business, economic and competitive uncertainties and\ncontingencies. We caution that such forward-looking statements involve known\nand unknown risks, uncertainties and other risks that...