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PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX:GRZ.BH) (OTCQX: GDRZF) Gold Reserve is happy to announce it has engaged Cantor Fitzgerald & Co. as its strategic monetary advisor in reference to the Firm’s bid to buy the shares of PDV Holding, Inc., the oblique dad or mum firm of CITGO Petroleum Corp.
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An entire description of the Delaware sale proceedings will be discovered on the Public Entry to Courtroom Digital Information system in Crystallex Worldwide Company v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its associated proceedings.
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Cautionary Assertion Relating to Ahead-Wanting statements
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Prime Tales
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This launch accommodates “forward-looking statements” throughout the which means of relevant U.S. federal securities legal guidelines and “forward-looking data” throughout the which means of relevant Canadian provincial and territorial securities legal guidelines and state Gold Reserve’s and its administration’s intentions, hopes, beliefs, expectations or predictions for the long run. Ahead-looking statements are essentially based mostly upon plenty of estimates and assumptions that, whereas thought-about affordable by administration at the moment, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. They’re steadily characterised by phrases comparable to “anticipates”, “plan”, “proceed”, “anticipate”, “undertaking”, “intend”, “consider”, “anticipate”, “estimate”, “might”, “will”, “potential”, “proposed”, “positioned” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. Ahead-looking statements contained on this press launch embrace, however should not restricted to, statements referring to any bid submitted by the Firm for the acquisition of the PDVH shares (the “Bid”).
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We warning that such forward-looking statements contain identified and unknown dangers, uncertainties and different dangers which will trigger the precise occasions, outcomes or outcomes of Gold Reserve to be materially totally different from our estimated outcomes, outcomes, efficiency, or achievements expressed or implied by these forward-looking statements, together with however not restricted to: the discretion of the Particular Grasp to think about the Bid, to enter into any discussions or negotiation with respect thereto; the Bid is not going to be authorized by the Courtroom because the “Closing Suggest Bid” below the Bidding Procedures, and if authorized by the Courtroom might not shut, together with because of not acquiring obligatory regulatory approvals, together with however not restricted to any obligatory approvals from the U.S. Workplace of International Asset Management (“OFAC”), the U.S. Committee on International Funding in the USA, the U.S. Federal Commerce Fee or the TSX Enterprise Trade; failure of the Firm or some other occasion to acquire ample fairness and/or debt financing or any required shareholders approvals for, or fulfill different circumstances to impact, any transaction ensuing from the Bid; that the Firm might forfeit any money quantity deposit made attributable to failing to finish the Bid or in any other case; that the making of the Bid or any transaction ensuing therefrom might contain surprising prices, liabilities or delays; that, previous to or because of the completion of any transaction contemplated by the Bid, the enterprise of the Firm might expertise important disruptions attributable to transaction associated uncertainty, trade circumstances, tariff wars or different components; the power to implement the writ of attachment granted to the Firm; the timing set for varied experiences and/or different issues with respect to the Sale Course of is probably not met; the power of the Firm to in any other case take part within the Sale Course of (and associated prices related therewith
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Buyers are cautioned to not put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or individuals appearing on its behalf are expressly certified of their entirety by this discover. Gold Reserve disclaims any intent or obligation to replace publicly or in any other case revise any forward-looking statements or the foregoing checklist of assumptions or components, whether or not because of new data, future occasions or in any other case, topic to its disclosure obligations below relevant guidelines promulgated by relevant Canadian provincial and territorial securities legal guidelines.
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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For additional data relating to Gold Reserve Ltd., go to https://www.goldreserve.bm.
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View supply model on businesswire.com:
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Kathryn Houlden
(441) 295-4653
A.S. Cooper Constructing, seventh Ground, 26 Reid Road, Hamilton, HM 11, Bermuda
investorrelations@goldreserve.bm#distro
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