BRIEF-Gold Reserve Announces Signing Of An Earn-In Agreement With Augusta Capital

May 14 (Reuters) - Gold Reserve Ltd GRZ.V:

  • GOLD RESERVE ANNOUNCES SIGNING OF AN EARN-IN AGREEMENT WITH AUGUSTA CAPITAL TO EXPEDITE VENEZUELA MINING AND SCHEDULES UPDATE CONFERENCE CALL

  • GOLD RESERVE LTD: GRANTED AUGUSTA AN EARN-IN RIGHT IN RESPECT OF 50% OF GOLD RESERVE'S INTEREST IN SIEMBRA MINERA PROPERTY

  • GOLD RESERVE: AUGUSTA WILL HAVE RIGHT TO ACQUIRE 50% INTEREST IN CO'S INTEREST IN PROJECT BY FUNDING $200 MILLION OF EXPENDITURES TO ADVANCE PROJECT

  • GOLD RESERVE: FOLLOWING COMPLETION OF EARN-IN, CO, AUGUSTA WILL FORM JOINT VENTURE TO HOLD THEIR INTEREST IN PROJECT

  • GOLD RESERVE: CO, AUGUSTA TO BEGIN WORKING TO ADVANCE DISCUSSIONS WITH VENEZUELAN GOVERNMENT OFFICIALS IN CONNECTION WITH PROJECT

Source text: ID:nBw2rwKLFa

Further company coverage: GRZ.V


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