Gold Reserve Ltd. has filed a statement in support of a stay pending appeal with the U.S. Court of Appeals for the Third Circuit as part of ongoing litigation related to the proposed judicial sale of PDVH shares. The company is challenging a recent order from the U.S. District Court for the District of Delaware that approved the sale of these shares to Elliott/Amber Energy. Gold Reserve argues that the sale process was procedurally and substantively flawed and is seeking to preserve the status quo while the appellate court reviews the case. The company cautions that there are significant uncertainties and risks surrounding the outcome of the appeal, the sale process, and the potential proceeds that may result.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Reserve Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251209155255) on December 09, 2025, and is solely responsible for the information contained therein.