Gold Reserve Inc. is pleased to announce the closing of its previously announced best efforts private placement of 8,780,488 Class A common shares of the Company at a price of US$4.10 per Common Share for gross proceeds of approximately US$36,000,000.00 with Cantor Fitzgerald Canada Corporation as sole agent and bookrunner. Following the Offering, there are a total of 112,799,914 Common Shares issued and outstanding. In connection with the Offering, the Company has paid CFCC a cash commission totalling US$1,047,465.05. Net proceeds from the Offering are expected to be used for expenditures related to the Company's previously announced credit bid submitted for the common shares of PDV Holdings, Inc. , the indirect parent company of CITGO Petroleum Corp. , and for working capita...