Gold Reserve comments on withdrawal of Rusoro offer

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Gold Reserve comments on withdrawal of Rusoro offer

posted on Feb 10, 2009 01:45PM

Gold Reserve comments on withdrawal of Rusoro offer

cnw

SPOKANE, WA, Feb. 10 /CNW/ - Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) today issued the following statement in response to Rusoro Mining Ltd.'s (TSX-V: RML) ("Rusoro") withdrawal of its unsolicited offer of December 15, 2008 to acquire all of the outstanding shares and equity units of Gold Reserve:

<<
"We are pleased that Rusoro has withdrawn its offer and appreciate the
support of our shareholders throughout this process. As we have said, we
have valuable assets and are committed to ensuring that our shareholders
receive full value for their investment in Gold Reserve."
>>

Gold Reserve Inc. is a Canadian company, which holds the rights to the Brisas gold/copper project and the Choco 5 gold exploration property in Bolivar State, Venezuela.

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