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Gold Reserve asks US court to proceed to sale hearing in Citgo auction
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Gold Reserve asks US court to proceed to sale hearing in Citgo auction
Aug 11, 2025 5:26 AM

HOUSTON, Aug 11 (Reuters) - Toronto-listed miner Gold

Reserve ( GDRZF ) has asked a U.S. federal court to proceed to the

final sale hearing that will decide the winner of an auction of

shares in the parent of Venezuela-owned refiner Citgo Petroleum,

according to a filing.

Gold Reserve's ( GDRZF ) request was filed on Monday, following a

notification last week about a competing offer by an

unidentified bidder. A $7.4 billion bid by a group led by a

subsidiary of the miner was recommended last month as the winner

of the bidding round, but the judge in Delaware must still

decide whether to approve it.

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