Update on International Arbitration Against The Venezuelan Government
PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (' Gold Reserve ' or the ' Company ') announces that on June 13, 2025 the International Centre for Settlement of Investment Disputes (' ICSID ') confirmed that the Tribunal for the arbitration initiated by GR Mining (Barbados) Inc., a subsidiary of Gold Reserve, against the Bolivarian Republic of Venezuela shall consist of three arbitrators, one arbitrator appointed by each party and the third, who shall be the President of the Tribunal, appointed by agreement of the parties.
More details on the arbitration can be found here.
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. They are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur.
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 applicable Canadian provincial and territorial securities laws.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
'Roadblock': Paramount Stock (NASDAQ:PARA) Surges as the Trump Settlement Sputters
As it turns out, entertainment giant Paramount (PARA) was actually fairly close to a deal with President Trump over the 60 Minutes lawsuit. But, when the deal was fairly close, a 'roadblock' emerged and put a halt to the whole matter, at least for now. Investors reacted with surprising strength, and perhaps even more surprising positivity. Paramount shares gained nearly 2.5% in the closing minutes of Friday's trading. Confident Investing Starts Here: The settlement had reached $35 million, reports noted, when Paramount suddenly found itself paralyzed by indecision. That delay caused Trump lawyers to pivot and pull back to their original demand, calling for a $50 million settlement. The biggest problem seems to be that the Federal Communications Commission (FCC) is also involved in this, and needs to sign off on the merger with Skydance as well. Reports suggested that Paramount brass believes that the FCC's sign-off on the deal needs to be contingent on settling the case, but by like token, the idea that requiring FCC approval as part of the settlement looks a lot like a bribe. Trump's legal team, reports note, has already been clear that the Trump suit and the FCC case are two separate matters. But with outside organizations looking to launch their own lawsuits should the settlement go through, looks may count for more here than anyone expected. South Park Losses Mount Meanwhile, as Paramount faces the prospect of losing South Park exclusivity, it quietly pulled another old episode from the field. The pull this time showed up in the Canadian and Australian markets, reports noted, and this time, featured Butters' Very Own Episode pulled from Paramount+. Why, however, is a bit of a mystery. Several South Park episodes are apparently a bit too spicy for streaming, in retrospect, with around a dozen classic episodes set to be pulled from the catalog and relegated to a 'ban list', reports noted. The reports got stranger as an Australian viewer noted that the Paramount+ listing had been pulled, but the episode could still be watched by watching through Paramount+ on Amazon (AMZN) Prime Video. Is Paramount Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on PARA stock based on two Buys, eight Holds and five Sells assigned in the past three months, as indicated by the graphic below. After a 18.62% rally in its share price over the past year, the average PARA price target of $12.08 per share implies 2.23% downside risk.
Yahoo
2 hours ago
- Yahoo
How to Use $10,000 to Transform a TFSA Into a Cash Machine
Written by Amy Legate-Wolfe at The Motley Fool Canada With Canadians facing rising costs and tighter budgets, many are rethinking how to grow their savings. That makes the idea of building a cash-pumping Tax-Free Savings Account (TFSA) more appealing than ever. If I had $10,000 to work with today, I'd aim to build a portfolio that offers regular, reliable income without a lot of upkeep. That's why I'd split the investment between Freehold Royalties (TSX:FRU) and SmartCentres REIT (TSX: Freehold Royalties is a Canadian energy company that owns land and collects royalties from oil and gas operations on that land. It doesn't drill or operate wells, which keeps costs low. Instead, it earns income based on the production happening on its properties. That structure means Freehold still benefits from higher energy prices but avoids many of the risks that come with operating in the field. As of its latest earnings report, Freehold reported revenue of $86.6 million and net income of $56.3 million. Earnings per share (EPS) came in at $0.23, matching results from the same quarter last year. It currently trades around $12.75 per share and offers a monthly dividend of $0.09. If I invested $5,000 into Freehold today, I'd earn roughly $421 in annual income, all tax-free inside a TFSA. SmartCentres REIT offers another way to collect consistent income. It owns and manages shopping centres across Canada, many of which are anchored by grocery stores, pharmacies, and big-box retailers like Walmart. These tenants help create stable, long-term cash flow. In uncertain economic conditions, properties like this tend to hold their value and provide steady rent. In the first quarter of 2025, SmartCentres reported revenue of $228.6 million and net income of $7.9 million, reversing a loss from the same period in 2024. The real estate investment trust pays a monthly distribution of $0.15417 per unit, translating to about $1.85 annually, with a recent share price at $25.50. A $5,000 investment here would bring in just over $360 per year in tax-free income. What I like about this mix is the balance between sectors. Freehold is exposed to energy markets, which can be volatile, but the royalty structure provides downside protection. SmartCentres is tied to retail, but with its essential-service tenants, it's more resilient than many other commercial real estate plays. Together, they smooth out the bumps and keep cash flowing. With $10,000 split evenly between the two, I could generate about $780 in annual tax-free income. That's more than $65 a month! With plenty of potential for those payouts to grow over time. Both companies have histories of adjusting their payouts as conditions improve. So, if commodity prices rise or rental income increases, the dividend cheques could grow, too. COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL FRU $12.79 390 $1.08 $421.20 Monthly $4,990.20 $25.59 195 $1.85 $360.75 Monthly $4,993.05 What makes this even more appealing is that the income arrives monthly. That's helpful for budgeting or reinvesting. In a TFSA, reinvested income can help compound returns faster since none of it gets eaten up by taxes. Over time, the portfolio could grow not just from dividends but also from capital appreciation if the share prices rebound. Of course, no investment is without risk. Energy markets fluctuate, and retail real estate can be sensitive to economic shifts. But both Freehold and SmartCentres have proven they can manage through different conditions. Each stayed profitable, paid distributions, and kept investors in the game. For Canadians looking to stretch every dollar and build a financial cushion, this approach makes sense. It's simple, stable, and focused on regular income. With mortgage payments on the rise and the cost of living climbing, having monthly income from solid Canadian stocks can offer some real peace of mind. If I had $10,000 to invest today, I wouldn't chase risky growth. I'd look to Freehold and SmartCentres to build a TFSA that works as hard as I do. With consistent payouts and room to grow, this duo could turn a modest sum into a powerful cash machine for years to come. The post How to Use $10,000 to Transform a TFSA Into a Cash Machine appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Freehold Royalties and SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
2 hours ago
- Hamilton Spectator
Don't regulate us like radio, music streamer Spotify tells CRTC
OTTAWA - Music streamer Spotify says Canada's federal broadcast regulator shouldn't impose rules meant for radio on streaming services. Appearing before a CRTC hearing Friday, company representatives compared regulating Spotify like a radio station to treating Uber like a horse and buggy operation. 'To apply yesterday's tools to today's platforms risks dulling Canada's success on the global music stage,' said Xenia Manning, Spotify's director of global music policy. 'It is essential to assess whether a real problem exists that justifies regulatory intervention. In our view, the evidence is clear. There is no market failure in audio streaming that would warrant intervention by the CRTC.' In its written submission, Spotify argued the CRTC doesn't have the jurisdiction to extend rules governing commercial negotiations and disputes in the broadcast sector to online players. Spotify said the Broadcasting Act doesn't give the CRTC the authority to 'regulate the terms of trade between online undertakings, including good faith negotiations and commercial disputes.' It said the CRTC's proposals 'would see it imposing dispute resolution and commercial negotiation requirements on online undertakings that are plainly outside the scope of broadcasting.' The CRTC is holding a hearing on market dynamics as part of its work to implement the Online Streaming Act, which updated broadcasting laws to capture online platforms. During the hearing, large telecom and broadcasting companies like Bell and Rogers called on the CRTC to loosen existing rules for traditional players. They took aim at regulations governing how cable channels must be packaged and disputes about carriage of cable channels. Bell, which appeared Wednesday, asked the CRTC to get rid of the rule the regulator implemented nearly a decade ago requiring companies to offer a $25 basic cable package. In its opening statement Friday, Rogers asked the CRTC to dramatically reduce regulation of cable companies. Colette Watson, president of Rogers' media division, said less than half of Canadian households now subscribe to cable, satellite or IPTV service. 'Canadian ownership groups cannot survive another decade of disproportionate regulation,' she said. The CRTC is holding a series of hearings as part of its work under the Online Streaming Act. Spotify, along with Amazon and Apple, is fighting in court an earlier order requiring streamers to make CRTC-ordered financial contributions to Canadian content and news. This report by The Canadian Press was first published June 20, 2025.
