Gold Reserve Inc. Announces Private Placement
Gold Reserve Inc. announces that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement with certain significant shareholders of the Company for gross proceeds of US $5,250,000 consisting of 1,750,000 units of securities of the Company at a price of US $3.00 per Unit. Each Unit comprises one Class A common share of the Company and one-half of one Common Share purchase warrant, with each Warrant exercisable by the holder for a period of 2 years after its issuance to acquire one Common Share at a price of US $4.00 per share. The proceeds will be used by the Company for general working capital purposes.









