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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (8173)7/25/2014 5:16:29 PM
From: Goose94Read Replies (1) | Respond to of 203058
 
GRZ-V not on Dino's, but hit new 52 week high, $4.48



To: Goose94 who wrote (8173)8/6/2014 9:09:15 AM
From: Goose94Read Replies (1) | Respond to of 203058
 
Soltoro (SOL-V) Aug 6, '14 has been advised by Gold Reserve (GRZ -V) that it will not continue with its option to earn-in to Soltoro’s La Tortuga project. Gold Reserve cited poor market conditions and a need to preserve capital as the main reasons for terminating the option. Gold Reserve was awaiting a drill permit in order to carry out a preliminary drill program.

Andrew Thomson, President and C.E.O. of Soltoro Ltd. stated: “We are sorry to see Gold Reserve drop the option on La Tortuga without having carried out a drill program. La Tortuga has excellent potential to host a significant copper/gold deposit with numerous mineralized target areas yet to be drill tested. The Company will seek a new partner to advance the project.”



To: Goose94 who wrote (8173)11/1/2016 7:53:01 AM
From: Goose94Read Replies (1) | Respond to of 203058
 
GRZ-V halted



To: Goose94 who wrote (8173)11/4/2016 2:30:55 PM
From: Goose94Read Replies (1) | Respond to of 203058
 
Gold Reserve (GRZ-V) Nov 4th 2016 today reported that it has entered into an amendment to the settlement agreement (the “Settlement Agreement”) previously entered into with the Bolivarian Republic of Venezuela (“Venezuela”) and has together with Venezuela taken steps to establish the mixed (joint venture) company Empresa Mixta Ecosocialista Siembra Minera, S.A. that will develop the Brisas-Cristinas gold copper project in Southeastern Venezuela.

Under the terms of the original Settlement Agreement, Venezuela was to pay Gold Reserve US$600,000,000 on or before October 31, 2016 and US$169,681,823 on or before December 31, 2016 to satisfy of the arbitral award granted in favor of the Company by the International Centre for Settlement of Investment Disputes and Venezuela also agreed to pay the Company an aggregate of US$240,000,000 for its technical mining data related to the Brisas property in instalments, with the last instalment to be paid on or before October 31, 2017.

The parties have agreed to a revised payment schedule under which Venezuela will make a first payment of US$300,000,000 on or before November 30, 2016, a second payment of US$469,681,823 on or before January 3, 2017, a third payment of US$50,000,000 on or before January 31, 2017, a fourth payment of US$100,000,000 on or before February 28, 2017 and a final payment of $90,000,000 on or before June 30, 2017. The aggregate payments to be made by Venezuela have not changed and the payments will be completed seven months earlier than originally contemplated.

On October 28, 2016 Gold Reserve and representatives of Venezuela also convened the first meeting of the Board of Directors of the mixed company, of which Gold Reserve owns 45% and Venezuela owns 55%, to immediately initiate the development plan of the mine activities needed to commence construction as soon as possible.

The Company’s executive team, led by Rockne Timm, Douglas Belanger and James H. Coleman, has been in Caracas working with their counterparts in the Venezuela government to conclude an agreement that was a “win” for both parties. Mr. Timm said, “The many days and months of meetings have resulted in an agreement that positions the parties to move forward and build a major class gold property that will benefit both Gold Reserve shareholders and the people of Venezuela. I am proud to have been part of this historic transaction.”

Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and www.sedar.com.

Gold Reserve Inc.
A. Douglas Belanger, 509-623-1500
President
Fax: 509-623-1634