Gold Reserve Announces Topping Bid by Dalinar Energy for CITGO Parent Company

Gold Reserve Announces Topping Bid by Dalinar Energy for CITGO Parent Company

PEMBROKE, Bermuda -- Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that today its Delaware subsidiary, Dalinar Energy Corporation (“Dalinar Energy”), submitted a topping bid to be selected as the Final Recommended Bid for the purchase of the shares of PDV Holding, Inc. (“PDVH”), the indirect parent company of CITGO Petroleum Corp., pursuant to the sales process being conducted by the U.S. District Cour…

CITGO Parent Company Receives Fresh Acquisition Bid: Gold Reserve Leads Multi-Creditor Consortium

New topping bid backed by major creditors and lending consortium aims to acquire PDVH, CITGO's parent company. Court decision expected July 2025. See bid details.