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Gold Reserve Provides Update on Court Hearing Regarding Adjournment of Sale Hearing
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 Hearing Regarding Adjournment of Sale Hearing\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 the U.S. District Court for the District of Delaware (the “Court”) held a hearing on August 18, 2025 to determine next steps in the Sale Process and decided\n \n inter alia\n \n the following: (1) the Sale Hearing would be rescheduled to commence September 15, with a second hearing to potentially take place commencing October 21; (2) the Special Master is to inform the Company whether it is recommending a different bid than the bid submitted by the Company’s subsidiary, Dalinar Energy Corporation, by August 25, the Company may match any different bid by August 28, and the Special Master is to make any different, Final Recommendation to the Court by August 29, 2025; and (3) the Company may object to any of the foregoing actions by the Special Master and argument on any such objection will be heard by the Court at the September 15, 2025 hearing.\n \n\n An order by the Court reflecting the above and other related determinations is expected to be issued by the Court and will be posted\n \n here\n \n .\n \n\n A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic Records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.\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 wor...