Gold Reserve (TSE:GRZ) has released an update.
Gold Reserve Inc. updated on the Delaware proceedings, revealing a possible delay in the sales process for PDV Holdings due to a stay motion by Venezuela and PDVSA. The delay could push back the approval of a bid and subsequent sale hearing initially scheduled for November 2024. This uncertainty comes despite ongoing negotiations with an unnamed bidder since July 2024.
For further insights into TSE:GRZ stock, check out TipRanks’ Stock Analysis page.