News Release
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Gold Reserve Announces Intention to Return Between US$90 Million and US$100 Million to Shareholders and Date for Annual General and Special Meeting of Shareholders
The board of directors of the Company (the “Board”) has approved
the distribution of between
The Return of Capital Transaction is to be completed pursuant to a
court-approved plan of arrangement transaction under the Business
Corporations Act (
The Board is unanimously recommending that Shareholders vote in favor of
the completion of the Return of Capital Transaction. If Shareholder and
Court approval are obtained,
Full details of the Return of Capital Transaction will be described in
the Company’s management proxy circular and other related materials.
Those documents are expected to be mailed to Shareholders, filed with
applicable Canadian securities regulatory authorities and made available
without charge on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov,
and posted on the Company’s website at www.goldreserveinc.com,
on or about
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future including without limitation statements with respect to the final terms and successful completion of the Return of Capital Transaction, the receipt of all necessary Shareholder, Court, and other regulatory approvals in respect of the Return of Capital Transaction, and future payments under the Settlement Agreement. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
We caution that such forward-looking statements involve known and
unknown risks, uncertainties and other risks that may cause the actual
outcomes, financial results, performance, or achievements of
This list is not exhaustive of the factors that may affect any of
Gold Reserve’s forward-looking statements. For a more detailed
discussion of the risk factors affecting the Company’s business, see the
Company’s Annual Information Form and Management’s Discussion & Analysis
for the year ended
Investors are cautioned not to put undue reliance on forward-looking
statements. All subsequent written and oral forward-looking statements
attributable to
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190327005797/en/
Source:
Gold Reserve Inc.
A. Douglas Belanger, President
999 W.
Riverside Ave., Suite 401
Spokane, WA 99201 USA
Tel. (509)
623-1500
Fax (509) 623-1634