Post #2024

📰 NEWS | Gold Reserve $7.4B Bid Picked as Preliminary Winner of Auction for Venezuela’s CITGO Canadian mining firm Gold Reserve has been selected as the preliminary winner in the Delaware court-ordered sale of CITGO’s parent company, PDV Holding. Its $7.38 billion offer, supported by major banks and creditors, was deemed the highest bid meeting court requirements. The proposal could settle 11 of 15 accepted claims, including those by Crystallex, ConocoPhillips, and others. Judge Leonard Stark will review the bid ahead of a final hearing set for August 18. 🔗 Read the full report here: https://shorturl.at/qrWmW #Citgo