Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Ltd. has received a proposal from the Canada Revenue Agency to reassess its income, which could significantly impact the company’s financial status. The proposal involves potential income inclusions of up to US$740.3 million related to past arbitral awards and other financial dealings. Gold Reserve is preparing to contest the proposal, which could take years to resolve and might threaten its financial stability.
For further insights into TSE:GRZ stock, check out TipRanks’ Stock Analysis page.
