Aug 23 (Reuters) - Gold Reserve Inc GRZ.V :
* Provides update on annual meeting matters
* Says each of Greywolf, Steelhead agreed to vote all class A shares over which it exercises control or direction for 7 director nominees
* Says reached agreements with Steelhead Partners, Greywolf Capital regarding how Steelhead,Greywolf, will vote class A common shares
* Says in conjunction with agreements, name of Patrick McChesney, director of co, will be withdrawn from consideration for re-election to board
* Says agreed with Steelhead,Greywolf that following meeting,board to work with such shareholders to seek out, review candidates for board by 2017 end
* Says as at July 10, Greywolf exercised control/direction over 23,544,147 class A shares representing about 26.2% of outstanding class A shares
* Says as at July 10, Steelhead exercised control/direction over 7,331,701 class A shares representing about 8.2% of outstanding class A shares