Gold Reserve (TSE:GRZ) has released an update.
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.
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