Gold Reserve Ltd. is pleased to announce the closing of its previously announced best efforts private placement of common shares of the Company at a price of US$3.10 per Common Share, including the full exercise of the over-allotment option, of 9,677,500 Common Shares for gross proceeds of approximately US$30,000,250.00 with Cantor Fitzgerald Canada Corporation as sole agent and bookrunner. Following the Offering, there are a total of 122,714,914 Common Shares issued and outstanding. In connection with the Offering, the Company has paid CFCC a cash commission totaling US$1,215,045.00. Net proceeds from the Offering are expected to be used for expenditures related to the Company's previously announced credit bid submitted for the common shares of PDV Holdings, Inc. , the indire...