April 18 (Reuters) - Gold Reserve Inc GRZ.V :
* GOLD RESERVE PROVIDES UPDATE ON PREVIOUSLY ANNOUNCED RETURN OF CAPITAL TRANSACTION
* GOLD RESERVE - DETERMINED BEST INTERESTS OF CO AND ITS SHAREHOLDERS TO REDUCE AGGREGATE AMOUNT OF CAPITAL TO BE RETURNED TO SHAREHOLDERS
* GOLD RESERVE - REDUCE AMOUNT OF CAPITAL TO BE RETURNED TO SHAREHOLDERS PURSUANT TO RETURN OF CAPITAL TRANSACTION TO APPROXIMATELY US$75 MILLION
* GOLD RESERVE - EXPECTS TO APPLY FOR LICENSE FROM US TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL