Gold Reserve Provides Update on Court Decision in Citgo Sale Process: Delaware District Court Adopts Special Master's Recommendation of Elliott/Amber Energy $5.9 Billion Bid Over Objections

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve†or the "Company†) announces that today the U.S. District Court for the District of Delaware (the "Delaware court†) issued an Order and Opinion adopting the recommendation of the Special Master that the PDVH shares should be sold to Elliott/Amber Energy despite its bid being $2 billion lower in price than the $7.9 billion, fully-financed bid submitted by Gold Reserve/Dalinar Energy and. ...