Gold Reserve Inc. (GRZ.V)
- Business Wire
Gold Reserve Completes Sale of Shares to 401(k) Plan
Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (the "Company") announces that it completed a previously announced, non-brokered private placement to Rockne Timm, Douglas Belanger and Robert McGuinness, (the "Plan Trustees"), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the "401(k) Plan"), and James Coleman (the "Private Placement").
- Business Wire
Gold Reserve Announces Sale of Shares to 401(k) Plan
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the "Company") announces that it plans, subject to the approval of the TSX Venture Exchange (the "TSXV"), a non-brokered private placement to Rockne Timm, Doug Belanger and Robert McGuinness, (the "Plan Trustees"), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the "401(k) Plan"), and James Coleman (the "Private Placement"). As previously announced, the Board of Directors recommended, and the Plan Trustees of the 401(k) Plan agreed, to use the cash contributions to the 401(k) Plan for retirement savings for U.S. based employees of the Company and its affiliates, to acquire additional Class A Common Shares for the accounts of the participating employees. In addition, Mr. Coleman, as a resident of Canada, who does not participate in the 401(k) Plan but is entitled to an equivalent payment, will use his payment to subscribe for additional Class A Common Shares.
- Business Wire
Gold Reserve Announces Cost Reduction Program and Stock Option Grants
Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company") announces that its Board of Directors has approved a three-year cost reduction program to decrease cash operating costs while management continues its efforts to achieve the Company’s objectives which include collecting the remaining amounts owed to the Company by Venezuela pursuant to the existing Settlement Agreement and Arbitral Award and to realize maximum shareholder value as it relates to the Company’s 45% interest in the Siembra Minera gold – copper project as the situation in Venezuela continues to evolve.
