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Gold Reserve Provides Update on Court Decision in CITGO Sale Process
Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the ...
About this update from Gold Reserve Ltd.
[{"type":"text","content":"Gold Reserve Provides Update on Court Decision 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”) announces that on September 18, 2025, Judge Leonard Stark of the U.S. District Court for the District of Delaware (“Judge Stark”) issued a decision denying Gold Reserve’s Motion to Strike the Special Master’s Notice of Superior Proposal and granting the Special Master’s Request to Terminate Gold Reserve’s Dalinar Energy SPA and Sign Elliott’s Amber Energy SPA.\n \n\n Judge Stark stated that he viewed his ruling on the Request to Terminate as “entirely ministerial” and intended only to bring “the paperwork” of the SPA in-line with the current status of the Special Master’s recommendation.\n \n\n Judge Stark confirmed that he was not reaching a decision on the merits of the ultimate question of what bid he would approve.\n \n\n The decision was delivered orally from the bench. Gold Reserve expects a written opinion and order to be issued shortly.\n \n\n\n Cautionary Statement Regarding Forward-Looking statements\n \n\n\n\n This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. They are frequently characterized by words such as \"anticipates\", \"plan\", \"continue\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\", \"may\", \"will\", \"potential\", \"proposed\", \"positioned\" and other similar words, or statements that certain events or conditions \"may\" or \"will\" occur. Forward-looking statements contained in this press release include, but are not limited to, st...