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Wednesday, 03/09/2016 5:44:46 PM

Wednesday, March 09, 2016 5:44:46 PM

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Gold Reserve Inc. Announces Proposed Private Placement (3/09/16)

Gold Reserve Inc. announces that it plans a private placement to raise gross proceeds of up to US $38,000,000 by issuing 9,500,000 Class A common shares at a price of US $4.00 per Share. The proceeds will be used by the Company for general working capital purposes. No commission or finder's fee will be paid.

http://www.sec.gov/Archives/edgar/data/1072725/000107272516000075/gdrzfform6kexhibit991030916.htm

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