Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Inc. is preparing for potential debt and equity financing as it considers making a bid for the shares of PDV Holdings, Inc., parent of CITGO Petroleum Corp. The company has engaged advisors for this process but emphasizes that there is no guarantee that the financing or bid will proceed. The potential bid is part of a sale overseen by the U.S. District Court for the District of Delaware.
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