Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Inc. has announced an update on the proceedings for the sale of PDV Holdings, Inc., the indirect parent of CITGO, indicating a non-binding bid and subsequent cancellation of the scheduled Sale Hearing. Following objections and a court hearing, a joint status report is due by October 18, 2024, to discuss the sale’s future direction, while a motion for pausing the sale was denied.
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