08:46 AM EDT, 06/24/2025 (MT Newswires) -- Gold Reserve Ltd. ( GDRZF ) , which rose 3.3% yesterday, announced Tuesday it filed an emergency letter request with the U.S. District Court for the District of Delaware arising from OFAC's issuance of General License 5S, which extends by another six months, until December 20, 2025, the long-running suspension of the ability of the "2020 Bondholders" to exercise their rights under their purported Pledge of the shares of CITGO Holding.

In its request, a statement noted, the company asked the Court to issue an order inviting OFAC to clarify and confirm whether it intends to continue to suspend GL-5 beyond the expected Closing of the Sale Transaction.

Tuesday's statement said: "While the company firmly believes that OFAC's position with respect to the suspension of GL-5 is already clear-from the fact that this suspension has been in place for over five years and has now been extended for another six months, and well past the August 18 Sale Hearing date-any further guidance from OFAC will, in the company's view, increase the probability of the Court achieving its objective of achieving a value-maximizing Sales Transaction for the PDVH shares."