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Gold Reserve Inc. (GDRZF) provides investors and industry observers with comprehensive coverage of corporate developments in the mining sector. This resource aggregates official announcements, operational updates, and strategic initiatives from the company and its international subsidiaries.
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Gold Reserve has announced it will raise up to USD 65 million through various financing transactions to potentially bid for the shares of PDV Holdings under Delaware proceedings. This includes a private placement of Class A common shares to raise up to USD 10 million at USD 3.50 per share, with an over-allotment option increasing proceeds to USD 15 million. Additionally, the company secured a borrowing facility with Monarch Alternative Capital for up to USD 50 million. The funds will support a potential bid for PDVH shares or be used for general corporate purposes. The transactions are subject to regulatory approvals.
Gold Reserve Inc. (GDRZF) appoints Paul Rivett as Executive Vice-Chairman, granting him 750,000 stock options. The company also increases available shares under the 2012 Equity Incentive Plan to 14,932,307 and grants Rivett 2,500,000 conditional stock options.
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