Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Inc. has announced a partnership with Cantor Fitzgerald Canada Corporation to privately place Class A common shares, aiming to raise up to US$10 million, with a potential increase to US$15 million if over-allotment options are exercised. The offering, priced at US$3.50 per share, is set to close on June 7, 2024, pending regulatory approvals. This strategic move is part of the company’s efforts to secure financing for a potential bid on PDV Holdings, Inc. shares under Delaware proceedings.
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