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PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Firm”) broadcasts that on August 29, 2025, the U.S. Authorities filed a Assertion of Curiosity within the pending New York federal court docket litigation relating to the validity of the 2020 PDVSA bonds.
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The important thing query within the litigation is whether or not the 2020 PDVSA bonds are invalid below Venezuelan legislation and, if that’s the case, the implications of this invalidity. The 2020 PDVSA Bonds had been issued by the Maduro regime in October 2016, however the 2015 Nationwide Meeting of Venezuela has issued a number of resolutions supporting the conclusion that the 2020 bonds are invalid below Venezuelan legislation.
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In its Assertion of Curiosity, the U.S. Authorities “affirmed its recognition of, and agency help for, the 2015 Nationwide Meeting of Venezuela as the federal government of Venezuela,” and acknowledged that the “2015 Nationwide Meeting is the one authorities duly elected by the Venezuelan individuals.” Accordingly, the views of the 2015 Nationwide Meeting relating to Venezuelan legislation needs to be given “respectful consideration” by the New York court docket. In conclusion, the U.S. Authorities acknowledged:
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High Tales
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For the foregoing causes, america respectfully (1) advises the Court docket of its recognition of and help for the 2015 Nationwide Meeting as the federal government of Venezuela; (2) urges the Court docket to accord respectful consideration to the Republic’s views as required by Animal Science Merchandise; and (3) takes no place on the authorized points within the events’ pending cross-motions for abstract judgment.
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A replica of the Assertion of Curiosity could be discovered right here.
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Cautionary Assertion Concerning Ahead-Wanting statements
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This launch comprises “forward-looking statements” throughout the that means of relevant U.S. federal securities legal guidelines and “forward-looking info” throughout the that means of relevant Canadian provincial and territorial securities legal guidelines and state Gold Reserve’s and its administration’s intentions, hopes, beliefs, expectations or predictions for the long run. Ahead-looking statements are essentially primarily based upon various estimates and assumptions that, whereas thought-about affordable by administration at the moment, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. They’re regularly characterised by phrases corresponding to
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and different related phrases, or statements that sure occasions or circumstances
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or
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happen. Ahead-looking statements contained on this press launch embody, however should not restricted to, statements referring to any bid submitted by the Firm for the acquisition of the PDVH shares (the “Bid”).
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We warning that such forward-looking statements contain identified and unknown dangers, uncertainties and different dangers that will trigger the precise occasions, outcomes or outcomes of Gold Reserve to be materially totally different from our estimated outcomes, outcomes, efficiency, or achievements expressed or implied by these forward-looking statements, together with however not restricted to: the discretion of the Particular Grasp to contemplate the Bid, to enter into any discussions or negotiation with respect thereto; the Particular Grasp might not suggest the Bid within the Closing Advice; an objection to the Bid could also be upheld by the Court docket; the Bid is not going to be permitted by the Court docket because the “Closing Suggest Bid” below the Bidding Procedures, and if permitted by the Court docket might not shut, together with because of not acquiring crucial regulatory approvals, together with however not restricted to any crucial approvals from the U.S. Workplace of International Asset Management (“OFAC”), the U.S. Committee on International Funding in america, the U.S. Federal Commerce Fee or the TSX Enterprise Change; failure of the Firm or another occasion to acquire enough fairness and/or debt financing or any required shareholders approvals for, or fulfill different circumstances to impact, any transaction ensuing from the Bid; that the Firm might forfeit any money quantity deposit made as a consequence of failing to finish the Bid or in any other case; that the making of the Bid or any transaction ensuing therefrom might contain sudden prices, liabilities or delays; that, previous to or because of the completion of any transaction contemplated by the Bid, the enterprise of the Firm might expertise vital disruptions as a consequence of transaction associated uncertainty, trade circumstances, tariff wars or different elements; the flexibility to implement the writ of attachment granted to the Firm; the timing set for varied reviews and/or different issues with respect to the Sale Course of is probably not met; the flexibility of the Firm to in any other case take part within the Sale Course of (and associated prices related therewith
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Traders are cautioned to not put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or individuals appearing on its behalf are expressly certified of their entirety by this discover. Gold Reserve disclaims any intent or obligation to replace publicly or in any other case revise any forward-looking statements or the foregoing checklist of assumptions or elements, whether or not because of new info, future occasions or in any other case, topic to its disclosure obligations below relevant guidelines promulgated by relevant Canadian provincial and territorial securities legal guidelines.
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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For additional info relating to Dalinar Power, go to: https://www.dalinarenergy.com.
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For additional info relating to Gold Reserve Ltd., go to https://www.goldreserve.bm or contact:
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View supply model on businesswire.com:
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A.S. Cooper Constructing, seventh Ground, 26 Reid Road, Hamilton, HM 11, Bermuda
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