Business
Gold Reserve postpones separation time under shareholder rights plan
SPOKANE, WA, Jan. 21 /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, Jan. 21 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ)\n(TSX: GRZ) today announced that its Board of Directors has postponed the\nseparation time under Gold Reserve's shareholder rights plan to February 17,\n2009. The hostile offer by Rusoro Mining Ltd. (TSX-V: RML) of December 15,\n2008 (the "Offer") to acquire all of the outstanding shares and equity units\nof Gold Reserve in consideration for three shares of Rusoro for each Gold\nReserve share or equity unit tendered under the Offer is not a "Permitted Bid"\nwithin the meaning of the Gold Reserve shareholder rights plan.\n\n\nGold Reserve urges its shareholders not to tender their shares or equity\nunits into the inadequate Rusoro Offer.\n\n\nShareholders who have questions or require assistance withdrawing their\nshares can contact the Company's information agent, Laurel Hill Advisory\nGroup, at 1-888-295-4655.\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 in this release may constitute\n"forward-looking statements" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995, as amended, ("PSLRA"), provided that\nstatements made solely in connection with Rusoro's offer are not subject to\nthe safe harbor protections provided to forward-looking statements under the\nPSLRA. Forward-looking statements are necessarily based upon a number of\nestimates and assumptions that, while considered reasonable by management at\nthis time, are inherently subject to significant business, economic and\ncompetitive uncertainties and contingencies. We caution that such\nforward-looking statements involve known and unknown risks, uncertainties and\nother risks that may cause the actual financial results, performance, or\nachievements of Gold Reserve to be materially different from our estimated\nfuture results, performance, or achievements expressed or implied by those\nforward-looking statements. Numerous factors could cause actual results to\ndiffer materially from those in the forward-looking statements, including\nwithout limitation, concentration of operations and assets in Venezuela;\ncorruption and uncertain legal enforcement; the outcom...