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M&A / Property

Gold Reserve hires Cantor as financial adviser

By The Northwire Desk — AI Analysis Aug 22, 2025 · 16:41 GRZ · 3.88 Gold Reserve Inc.
GRZ · Price

Executive Summary

  • Gold Reserve Ltd. has retained Cantor Fitzgerald & Co. as its strategic financial adviser for a proposed acquisition of the shares of PDV Holding Inc., the indirect parent of Citgo Petroleum Corp.
  • The engagement signals a formal move to pursue the bid and provides advisory support for navigating the complex Delaware sale proceedings.
  • No terms of the transaction (price, financing structure, or timeline) were disclosed in this release.

Key Details

  • Advisor Appointment: Cantor Fitzgerald & Co. engaged as strategic financial adviser to Gold Reserve Ltd.
  • Purpose: To assist Gold Reserve in its bid to purchase all outstanding shares of PDV Holding Inc., the indirect parent of Citgo Petroleum Corp.
  • Legal Context: The acquisition is linked to ongoing Delaware court proceedings (Crystallex International Corp. v. Bolivarian Republic of Venezuela, No. 1:17‑mc‑00151‑LPS).
  • Scope of Advisory Services: Expected to include valuation analysis, deal structuring, negotiation support, and coordination with legal counsel throughout the sale process.
  • Safe Harbor Statement: The company includes a forward‑looking safe harbor disclaimer; no guarantee that the transaction will be completed.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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