Welcome to our dedicated page for Gold Reserve news (Ticker: GDRZF), a resource for investors and traders seeking the latest updates and insights on Gold Reserve stock.
Gold Reserve Ltd. (OTCQX: GDRZF) is a Bermuda-based, majority US-owned company associated with the gold ore mining industry and a long history of developing large gold and copper deposits in Venezuela. The Gold Reserve news feed on Stock Titan aggregates the Company’s public announcements, giving investors and observers a single place to review its latest legal, arbitration, tax, and corporate updates.
Recent Gold Reserve news has focused heavily on court proceedings in the United States related to the proposed judicial sale of PDV Holding, Inc. (PDVH) shares in Delaware. The Company has reported on its fully financed bid for the PDVH shares, its objections to the court’s approval of a lower-priced bid by Elliott/Amber Energy, and its subsequent notices of appeal, motions for stays, and other appellate steps in the U.S. Court of Appeals for the Third Circuit.
In addition to the PDVH sale process, Gold Reserve news items cover international arbitration outcomes, such as the favorable Final Award obtained by its affiliate against Banco De Desarrollo Economico Y Social De Venezuela (BANDES), and the Company’s plans to seek recovery of those awarded amounts through foreign courts. The feed also includes regulatory and tax developments, including the completion of a Canada Revenue Agency audit without net adjustments to its Canadian tax filings for the years under review.
Corporate governance and capital markets developments, such as stock option grants under the Company’s 2012 Equity Incentive Plan and commentary on the political and human rights situation in Venezuela, also appear in Gold Reserve’s releases. By following this page, readers can review the Company’s own descriptions of its evolving legal strategies, enforcement efforts, and corporate actions as they are publicly disclosed.
Gold Reserve Ltd. (OTCQX: GDRZF) provided an update on the U.S. District Court of Delaware's hearing regarding the Sale Process of PDVH shares. The Court has rescheduled the Sale Hearing to September 15, 2025, with a potential second hearing on October 21, 2025.
Key deadlines include: The Special Master must inform the Company about any alternative bid recommendations by August 25, Gold Reserve can match competing bids by August 28, and the Special Master's Final Recommendation is due by August 29, 2025. The Company retains the right to object to the Special Master's actions, with arguments to be heard at the September hearing.
Gold Reserve Ltd. (OTCQX: GDRZF) provided an update on legal proceedings related to the U.S. District Court for the District of Delaware's Sale Hearing adjournment. On August 16-17, 2025, multiple parties submitted briefs regarding the Court's August 14 Order, including the Company, Special Master, Venezuela Parties (including PDVSA and CITGO), Crystallex International, ConocoPhillips, and several other entities.
The case involves potential bids for PDVH shares, with significant complexities including regulatory approvals from OFAC, CFIUS, and other authorities. The proceedings are part of ongoing litigation documented in Crystallex International Corporation v. Bolivarian Republic of Venezuela, with various creditors competing for claims against Venezuela and PDVSA.
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.
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