Replies to post #198 on Gold Reserve Inc. (GDRZF)

[Enterprising Investor]

Gold Reserve Reports on Pending Settlement Payment from Venezuela (12/16/16)

SPOKANE, Wash.--(BUSINESS WIRE)--Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (“Gold Reserve” or the “Company”) today reported that the government of the Bolivarian Republic of Venezuela has informed the Company that the payment of US$300 million that was due December 15, 2016 under the terms of the previously announced amended settlement agreement with the government is expected to be deposited in the Company’s bank accounts in the next few days. The Company will provide more information as it becomes available.

Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and www.sedar.com.

http://www.businesswire.com/news/home/20161216005309/en/Gold-Reserve-Reports-Pending-Settlement-Payment-Venezuela