Gold Reserve Stock Price, News & Analysis

Gold Reserve Ltd. (OTCQX: GDRZF) announced that the U.S. District Court for the District of Delaware has adjourned the Sale Hearing originally scheduled for August 18, 2025, to an unspecified future date. The adjournment comes after the Special Master received an unsolicited bid that could potentially be a "Superior Proposal" to Dalinar Energy's current bid.

The Court has outlined several next steps, including requiring the Special Master to determine by August 25 whether to maintain the Dalinar bid recommendation or accept the new proposal. The Court is considering rescheduling the Sale Hearing for either September 15-18 or October 20-23. An in-person hearing is scheduled for August 18, 2025, to discuss these developments.

Gold Reserve Ltd. (OTCQX: GDRZF) provided an update on the ongoing legal proceedings regarding the potential sale of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp. Multiple parties have filed reply briefs concerning objections to the Special Master's Final Recommendation, which had selected Gold Reserve's U.S. acquisition subsidiary, Dalinar Energy Corporation, as the preferred buyer for PDVH shares.

Key parties filing briefs include Crystallex International Corporation, ConocoPhillips entities, OI European Group B.V., various investment firms, and Venezuelan parties. The proceedings are being conducted in the U.S. District Court for the District of Delaware, with documentation available through the Public Access to Court Electronic Records system.

Gold Reserve (OTCQX: GDRZF) provided updates on the CITGO sale process, where its subsidiary Dalinar Energy's $7.382 billion bid for PDV Holding (PDVH) shares is under consideration. A competing bid from Amber Energy for $5.859 billion was disclosed by Red Tree Investments, prompting procedural delays.

The Special Master rescheduled the status conference to August 15, 2025, with the Sale Hearing initially set for August 18. Gold Reserve argues that Amber Energy's bid violates established procedures as it falls $1.523 billion below their recommended bid and doesn't meet the required overbid minimum.

Gold Reserve Ltd. (OTCQX: GDRZF) has filed a response to an unsolicited competing proposal in the CITGO sale process. The company clarified that any competing bid must meet specific requirements, including matching or exceeding Dalinar Energy's bid of $7.382 billion (valued as of June 30, 2026).

The competing proposal must also include an Overbid Minimum of $80 million ($30 million expense reimbursement to Dalinar Energy plus $50 million to Attached Judgment Creditors), pay a $75 million termination fee to Red Tree (Stalking Horse bidder), and provide a $50 million deposit. Gold Reserve emphasized that under Delaware law, they cannot be compelled to accept non-cash consideration as a senior creditor, and they have not agreed to accept such terms.

Gold Reserve Ltd. (OTCQX: GDRZF) announced that the Special Master has filed a notice regarding an unsolicited, competing proposal to purchase shares of PDV Holding, Inc. (PDVH), CITGO Petroleum Corp's indirect parent company. The Special Master has been authorized to engage with Bidder B and reactivate their access to the virtual data room since July 1, 2025.

While Bidder B is reportedly in active discussions with various required parties, the Special Master has not yet received documentation of any agreements. As such, the bid has not been deemed a Superior Proposal under the SPA terms. The complete details of the Delaware sale proceedings can be accessed through the Public Access to Court Electronic Records system.

Gold Reserve Ltd. (OTCQX: GDRZF) provided an update on the ongoing CITGO sale process in the U.S. District Court for the District of Delaware. The company's U.S. acquisition subsidiary, Dalinar Energy Corporation, has been recommended by the Special Master as the preferred buyer for PDV Holding, Inc. (PDVH), CITGO Petroleum Corp's indirect parent company.

Multiple parties have filed responses to objections regarding the Special Master's Final Recommendation, including Gold Reserve, Rusoro Mining, Koch Minerals, Siemens Energy, Crystallex International, ConocoPhillips, and others. Further briefings are scheduled for August 13 and August 16, 2025, leading up to the Sale Hearing on August 18, 2025.

Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) has announced a secondary listing of its common shares on the Bermuda Stock Exchange (BSX). The listing comprises 122,714,914 Common Shares and will commence trading on August 4, 2025 under the ticker BSX: GRZ.BH.

The company maintains its primary listing on the TSX Venture Exchange and continues to trade over the counter on OTCQX. Company Vice-Chair Paul Rivett expressed pride in joining the BSX, highlighting the exchange's global reputation and the company's integration into the Bermuda business community.

Gold Reserve (OTCQX: GDRZF) has successfully completed a private placement offering, raising US$30 million through the sale of 9,677,500 common shares at US$3.10 per share, including the full exercise of the over-allotment option. Cantor Fitzgerald Canada Corporation served as the sole agent, receiving a US$1.2 million commission.

The proceeds will primarily fund the company's credit bid for PDV Holdings, Inc., the indirect parent of CITGO Petroleum Corp. Two company insiders participated significantly, acquiring 3,774,000 shares for US$11.7 million. Following the offering, Gold Reserve's total outstanding common shares increased to 122,714,914.

Gold Reserve Ltd. (OTCQX: GDRZF) provided an update on the CITGO sale process in the U.S. District Court for the District of Delaware. The company's U.S. acquisition subsidiary, Dalinar Energy Corporation, remains the only conforming bid for purchasing PDV Holding, Inc. (PDVH) shares, following Red Tree Investments LLC's withdrawal of its competing bid objection.

Several parties filed objection memoranda, including Crystallex International Corporation, ConocoPhillips companies, ACL1 companies, OI European Group B.V., Venezuela Parties, and 2020 bondholders. According to the Court's schedule, responses to objections are due by August 7, 2025, with further briefing before the August 18, 2025 Sale Hearing.