HOUSTON, June 27 (Reuters) - Canada-incorporated miner

Gold Reserve ( GDRZF ) said on Thursday that a $36 million private

share sale tied to its bid for a parent of Venezuela-owned oil

refiner Citgo Petroleum has been fully covered by banker Cantor

Fitzgerald.

The offer of Class A common shares of Gold Reserve ( GDRZF ) was

priced at $4.10 and is expected to closed by July 3, the company

said.

Gold Reserve ( GDRZF ) has an about $1.1 billion claim against

Venezuela accepted in a U.S. federal court that is auctioning

shares in Citgo Petroleum's parent, PDV Holding. The company

earlier this month said it had submitted a credit bid in the

second bidding round.

A spokesman did not immediately reply to a request for

comment on the bid, which would include its claims.

The U.S. District in Delaware has scheduled a July 2 hearing

where it could disclose the auction's results and steps

remaining in the case's schedule.

The lawsuit was first introduced by another Canadian miner,

Crystallex International, in 2017 and has since allowed 18

creditors to pursue up to $21.3 billion in compensations from

expropriations and defaults in Venezuela.