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BRIEF-Gold Reserve Announces Shareholder Distribution

Published 2019-03-08, 08:54 a/m
© Reuters.  BRIEF-Gold Reserve Announces Shareholder Distribution

March 8 (Reuters) - Gold Reserve Inc GRZ.V :

* GOLD RESERVE ANNOUNCES SHAREHOLDER DISTRIBUTION

* GOLD RESERVE INC - CURRENTLY HAS A CASH BALANCE OF $167 MILLION WITH CURRENT LIABILITIES OF APPROXIMATELY $3 MILLION

* GOLD RESERVE INC - BOARD OF DIRECTORS HAVE DECIDED TO DISTRIBUTE TO SHAREHOLDERS A MINIMUM OF $90 MILLION

* GOLD RESERVE INC - RECEIVED ABOUT $276 MILLION UNDER TERMS OF JULY 2016 SETTLEMENT AGREEMENT WITH ABOUT $756 MILLION REMAINING TO BE PAID BY VENEZUELA

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