06:21 AM EDT, 06/09/2025 (MT Newswires) -- Gold Reserve ( GDRZF ) over the weekend announced that the U.S. District Court for the District of Delaware had issued an order that rescheduled the start date of the Sale Hearing from July 22, 2025 to August 18, 2025.

A statement noted the court did not change the existing June 18, 2025 deadline for the submission of topping bids or the June 27, 2025 deadline for Final Recommendation by the Special Master appointed by the court to oversee the sale process. At the Sale Hearing, the court will consider the Final Recommended Bid for the purchase of the shares of PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp., and any objections thereto. The company's Delaware subsidiary, Dalinar Energy Corporation, submitted a topping bid to be selected as final bidder on June 3, 2025, and supported an extension of the sale hearing date.