June 30 (Reuters) - Gold Reserve Inc GRZ.V
* Gold Reserve provides venezuela update
* Gold Reserve Inc - is providing an update to previously announced third amendment of settlement agreement with venezuela
* Gold Reserve Inc - under terms of settlement agreement, venezuela has agreed to pay gold reserve a total of approximately us $1,037 million
* Gold Reserve has received an initial installment of us $40 million under settlement agreement
* Gold Reserve Inc - venezuela will place venezuelan financial instruments with a face value of us $350 million in trust as collateral for future payments
* Gold Reserve Inc - venezuela will place venezuelan financial instruments with a face value of us $350 million in trust as collateral for future payments
* Gold Reserve Inc - final payment of us $285 million is scheduled to be paid on or before june 10, 2019
* Gold Reserve- is scheduled to receive 20 monthly payments of $29.5 million, 3 monthly payments of $40.8 million on or before 10th day of each month starting on july 10
* Gold Reserve Inc - payment comprised of about $797 million to satisfy arbitral icsid award granted in favor of company
* Gold Reserve Inc - venezuela has agreed to permanently withdraw all legal proceedings seeking annulment
* Gold Reserve Inc - payment also comprised of us $240 million for company's technical mining data related to brisas property Source text for Eikon: ID:nBw8lC2Rma Further company coverage: GRZ.V