Gold Reserve drops out of bidding for shares in Citgo Petroleum parent-March 2024-www.financetom.com

Gold Reserve drops out of bidding for shares in Citgo Petroleum parent

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Gold Reserve drops out of bidding for shares in Citgo Petroleum parent

Sep 19, 2024 11:30 PM

HOUSTON, Sept 19 (Reuters) - Canadian miner Gold Reserve ( GDRZF )

said on Thursday it has dropped out of a U.S.

court-organized bidding for shares in oil refiner Citgo

Petroleum's parent, citing court delays, and uncertainty over

the sales process.

Gold had submitted a bid in June 11 for shares in PDV

Holding, a Citgo parent that was found liable for Venezuela's

debt defaults and expropriations.

Previous page： Bullish Shares Surge in NYSE Debut Next page： Crypto Platform Bullish Shares Debut Above $100, More Than Doubling IPO Price

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Bullish Shares Surge in NYSE Debut

Aug 13, 2025

01:21 PM EDT, 08/13/2025 (MT Newswires) -- Bullish (BLSH) shares surged more than 133% in recent trading on Wednesday after its debut on the New York Stock Exchange. The cryptocurrency exchange operator priced an upsized initial public offering of 30 million shares at $37 each. Underwriters have a 30-day overallotment option to purchase up to 4.5 million additional shares. The...

Crypto Platform Bullish Shares Debut Above $100, More Than Doubling IPO Price

Aug 13, 2025

Shares of crypto exchange Bullish (BLSH) soared to $102 in initial trades on Wednesday, their first day of action on the New York Stock Exchange. The company priced its initial public offering (IPO) at $37 per share, above the expected $32 to $33 range. That price valued the Cayman Island-based crypto exchange at a total market value of $5.4 billion....

ExGen Resources Signs Letter of Intent to Acquire MTB Metals

Aug 13, 2025

01:20 PM EDT, 08/13/2025 (MT Newswires) -- ExGen Resources ( BXXRF ) on Wednesday said it agree to acquire MTB Metals ( MBYMF ) for shares as they reached an non-binding of intent for the deal. ExGen will acquire all the shares of MTB, at a ratio of 0.286 ExGen shares for each MTB share, with the current securityholders of...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...