Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Companyâ€) is pleased to report on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the US $740 million arbitral award dated September 22, 2014 (the “Awardâ€), rendered against the Bolivarian Republic of Venezuela (“Venezuelaâ€). On March 27, 2015, the Court entered a default against Venezuela following its failure to file an appearance within the prescribed deadlines in the proceedings instituted by the Company. Legal History Leading up to the Default On November 26...
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