Gold Reserve reports Rusoro and Endeavour permission to appeal injunction denied

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[{"type":"text","content":"\n\n\n\nSPOKANE, WA, April 7 /CNW/ - Gold Reserve Inc. (TSX:GRZ - NYSE-Amex:GRZ)\nannounced today that the Ontario Superior Court of Justice denied Rusoro\nMining Ltd. (TSX-V:RML) ("Rusoro") and Endeavour Financial International\nCorporation ("Endeavour") permission to appeal the order the Court made on\nFebruary 10, 2009. The original order granted an injunction precluding Rusoro\nand Endeavour from proceeding with Rusoro's hostile take over bid for the\nCompany.\n\n\nThe action filed by the Company in December 2008, sought an injunction\nrestraining Rusoro and Endeavour from proceeding with Rusoro's unsolicited\noffer. At trial, the Company will also be seeking monetary damages of Cdn $550\nmillion and various other items.\n\n\nOn April 2, 2009 the Ontario Superior Court of Justice heard motions by\nRusoro and Endeavour for permission to appeal the interlocutory injunction. On\nApril 6, 2009, in its denial of the permission to appeal, the Court stated,\n"The motions judge was very much alive to all the issues raised by the moving\nparties and, in conducting his analysis, he carefully analyzed the facts, then\napplied well-established principles of law. In granting this discretionary\nremedy, he made no error that would result in my doubting the correctness of\nhis order."\n\n\nA. Douglas Belanger, President of Gold Reserve stated, "The judge who\nheard the appeal, noted a number of compelling reasons for the denial of the\nleave to appeal. The strength of the Court's response will guide the execution\nof our claim against Rusoro and Endeavour in the future."\n\n\nThe ruling will be posted on our Website at www.goldreserveinc.com.\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\nFORWARD-LOOKING STATEMENTS\n\n\nThis release contains forward-looking statements that may state Gold\nReserve's or its management's intentions, hopes, beliefs, expectations or\npredictions for the future. In this release, forward-looking statements are\nnecessarily based upon a number of estimates and assumptions that, while\nconsidered reasonable by management at this time, are inherently subject to\nsignificant business, economic and competitive uncertainties and\ncontingencies.\n\n...

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