Gold Reserve (TSE:GRZ) has released an update.
Gold Reserve Inc. has officially announced its credit bid for the acquisition of PDV Holdings, Inc., the parent of CITGO Petroleum Corp, following the procedures set by the U.S. District Court of Delaware. The bid, part of a confidential sale process, could lead to a partnership with FJ Management Inc. for operational oversight, reflecting a commitment to long-term value creation. Excitement is palpable among company stakeholders, with Gold Reserve expressing gratitude for the support and looking forward to future developments.
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