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PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Firm”) declares 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 underneath Venezuelan legislation and, in that 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 underneath 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 said that the “2015 Nationwide Meeting is the one authorities duly elected by the Venezuelan folks.” Accordingly, the views of the 2015 Nationwide Meeting relating to Venezuelan legislation ought to be given “respectful consideration” by the New York court docket. In conclusion, the U.S. Authorities said:
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Prime Tales
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For the foregoing causes, america respectfully (1) advises the Courtroom of its recognition of and help for the 2015 Nationwide Meeting as the federal government of Venezuela; (2) urges the Courtroom 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 duplicate of the Assertion of Curiosity could be discovered right here.
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Cautionary Assertion Relating to Ahead-Trying statements
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This launch comprises “forward-looking statements” inside the that means of relevant U.S. federal securities legal guidelines and “forward-looking data” inside 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 longer term. Ahead-looking statements are essentially primarily based upon plenty of estimates and assumptions that, whereas thought of cheap by administration presently, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. They’re incessantly characterised by phrases comparable to
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and different related phrases, or statements that sure occasions or circumstances
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happen. Ahead-looking statements contained on this press launch embody, however usually are not restricted to, statements regarding 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 recognized 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 think about the Bid, to enter into any discussions or negotiation with respect thereto; the Particular Grasp might not advocate the Bid within the Last Suggestion; an objection to the Bid could also be upheld by the Courtroom; the Bid won’t be accredited by the Courtroom because the “Last Advocate Bid” underneath the Bidding Procedures, and if accredited by the Courtroom might not shut, together with because of not acquiring vital regulatory approvals, together with however not restricted to any vital approvals from the U.S. Workplace of Overseas Asset Management (“OFAC”), the U.S. Committee on Overseas Funding in america, the U.S. Federal Commerce Fee or the TSX Enterprise Change; failure of the Firm or another social gathering to acquire ample 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 resulting from 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 important disruptions resulting from transaction associated uncertainty, trade circumstances, tariff wars or different elements; the power to implement the writ of attachment granted to the Firm; the timing set for varied studies and/or different issues with respect to the Sale Course of is probably not met; the power 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 performing 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 listing of assumptions or elements, whether or not because of new data, future occasions or in any other case, topic to its disclosure obligations underneath 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 data relating to Dalinar Power, go to: https://www.dalinarenergy.com.
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For additional data 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 Avenue, Hamilton, HM 11, Bermuda
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