08:47:05 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Gold Reserve Inc
Symbol GRZ
Shares Issued 78,720,047
Close 2016-05-04 C$ 6.00
Market Cap C$ 472,320,282
Recent Sedar Documents

Gold Reserve closes first tranche of private placement

2016-05-04 18:52 ET - News Release

Mr. A. Douglas Belanger reports

GOLD RESERVE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Gold Reserve Inc. has closed the first tranche of its previously announced non-brokered private placement. To date, the company has issued an aggregate of 5.21 million Class A common shares of the company at a price of $4 (U.S.) per share for proceeds in the amount of $20.84-million (U.S.). The company has received conditional approval from the TSX Venture Exchange for the issuance of up to an aggregate of 9.5 million shares and has been granted an extension until May 15, 2016, to complete the sale of the remaining shares pursuant to the private placement. The proceeds will be used by the company for general working capital purposes.

No commission or finder's fee was paid in connection with the shares issued to date pursuant to the private placement. Such shares were offered pursuant to exemptions from the prospectus requirements of applicable securities legislation and will be subject to a hold period in Canada of four months and a day from their date of issuance.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.