Gold Reserve Announces Further Management and Board Changes
January 05 2024 - 11:34AM
Business Wire
Further to its press release of November 27, 2023 announcing the
retirement of Rockne J. Timm as Chief Executive Officer of Gold
Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (Gold Reserve or the
Company) effective February 13, 2024, the Company is pleased
to announce further changes that will become effective upon Mr.
Timm’s retirement. James H. Coleman, currently Executive Chairman
of Gold Reserve, will become President and Chairman Emeritus and
continue his role as a senior executive of the Company in that
capacity and Robert Cohen, currently a director of Gold Reserve,
will be appointed Chairman of the Board. As previously announced,
Mr. Timm will continue to serve as a director and advisor to the
Company following his retirement. The Board of Directors of Gold
Reserve believe that these changes will allow it to effectively
manage the transitional issues associated with Mr. Timm’s
retirement after his more than 35 years of strong leadership. The
Board also continues to actively search for a full-time Chief
Executive Officer to manage the day-to-day affairs of the Company
as it continues its work to enhance shareholder value.
This release has been approved by Rockne J. Timm, CEO of the
Company.
Further information regarding the Company can be located at
www.goldreserveinc.com, www.sec.gov, and sedarplus.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This release contains “forward-looking statements” within the
meaning of applicable U.S. federal securities laws and
“forward-looking information” within the meaning of applicable
Canadian provincial and territorial securities laws and state Gold
Reserve’s and its management’s intentions, hopes, beliefs,
expectations or predictions for the future. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management at this
time, are inherently subject to significant business, economic and
competitive uncertainties and contingencies.
We caution that such forward-looking statements involve known
and unknown risks, uncertainties and other risks that may cause the
actual outcomes, financial results, performance, or achievements of
Gold Reserve to be materially different from our estimated
outcomes, future results, performance, or achievements expressed or
implied by those forward-looking statements, including without
limitation, the risk that the Company may not be able to identify
and retain a new Chief Executive Officer in a timely manner. This
list is not exhaustive of the factors that may affect any of Gold
Reserve’s forward-looking statements. For a more detailed
discussion of the risk factors affecting the Company’s business,
see the Company’s Annual Report on Form 20-F and Management’s
Discussion & Analysis for the year ended December 31, 2022 and
other reports that have been filed on SEDAR and are available under
the Company’s profile at www.sedarplus.ca and which have been filed
on EDGAR and are available under the Company’s profile at
www.sec.gov/edgar.
Investors are cautioned not to put undue reliance on
forward-looking statements. All subsequent written and oral
forward-looking statements attributable to Gold Reserve or persons
acting on its behalf are expressly qualified in their entirety by
this notice. Gold Reserve disclaims any intent or obligation to
update publicly or otherwise revise any forward-looking statements
or the foregoing list of assumptions or factors, whether as a
result of new information, future events or otherwise, subject to
its disclosure obligations under applicable rules promulgated by
the Securities and Exchange Commission and applicable Canadian
provincial and territorial securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240105054591/en/
Gold Reserve Inc. Contact Jean Charles Potvin 999 W.
Riverside Ave., Suite 401 Spokane, WA 99201 USA Tel: (509) 623-1500
Fax: (509) 623-1634
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