07:33 AM EDT, 03/24/2025 (MT Newswires) -- Gold Reserve Ltd. ( GDRZF ) , which lost 23.5% last Friday, announced over the weekend that the $7.1 billion bid, with fully committed financing from two large financial institutions, submitted by the company's US subsidiary, Dalinar Energy Corporation, was not recommended by the Special Master as the 'Stalking Horse' or the 'Base Bid' for the purchase of the shares of PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp., in the sales process being conducted by the U.S. District Court for the District of Delaware.