HOUSTON, Nov 10 (Reuters) - Toronto-listed miner Gold
Reserve ( GDRZF ) said on Monday it filed a complaint in a
Delaware court against Rusoro Mining ( RMLFF ) for alleged breach
of its contractual obligations under a consortium agreement to
submit a bid for the parent of Citgo Petroleum in a
court-organized auction.
A $5.9 billion bid by an affiliate of Elliott Investment
Management was recommended as the auction's winner in August,
beating Gold Reserve's ( GDRZF ) $7.9 billion bid. Both offers included an
agreement with Rusoro to use its $1.5 billion claim related to
expropriated assets in Venezuela as part of the bids.
"Gold Reserve ( GDRZF ) is seeking preliminary injunctive relief to
enjoin Rusoro from participating in the sale process during the
pendency of the action, among other forms of relief," the miner
said in a release.