Gold Reserve Inc. Closes US$15.0M Private Placement
Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce the closing of its previously announced best efforts private placement of 4,285,715 Class A common shares of the Company (the “Common Shares”) at a price of US$3.50 per Common Share for gross proceeds of approximately US$15,000,000.00 (the “Offering”) with Cantor Fitzgerald Canada Corporation (“CFCC”) as sole agent and bookrunner.
- Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce the closing of its previously announced best efforts private placement of 4,285,715 Class A common shares of the Company (the “Common Shares”) at a price of US$3.50 per Common Share for gross proceeds of approximately US$15,000,000.00 (the “Offering”) with Cantor Fitzgerald Canada Corporation (“CFCC”) as sole agent and bookrunner.
- In connection with the Offering, the Company has paid CFCC a cash commission totalling approximately US$400,000.
- Forward-looking statements contained in this press release include, but are not limited to, statements relating to the Offering and the Potential Transaction.
- All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice.