Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Inc. has successfully completed a private placement, raising US$15 million through the sale of 4,285,715 shares at US$3.50 each. The funds are earmarked primarily for potential participation in the sale of PDV Holdings, Inc., with a portion allocated for general corporate uses should the bid not materialize. This financial move reflects the company’s strategic efforts to expand its investment portfolio, while also ensuring operational liquidity.
For further insights into TSE:GRZ stock, check out TipRanks’ Stock Analysis page.
