Gold Reserve Announces Appointment of New Chief Executive Officer
Gold Reserve (TSX.V: GRZ) (OTCQX: GDRZF) has announced the appointment of Paul Rivett as the new Chief Executive Officer, effective immediately. Rivett will continue to serve as a Director and Executive Vice-Chairman of the board. Chairman Robert Cohen expressed confidence in Rivett's decades of management and entrepreneurial experience, stating it will enable him to implement dynamic strategies to enhance shareholder value.
The appointment follows the company's successful continuance into Bermuda. As part of his appointment, Rivett has been granted 1,000,000 stock options to purchase up to 1,000,000 common shares. The options will vest 50% on the date of grant and 50% six months later, with an exercise price of US$2.35 per share and a maximum term of five years.
Gold Reserve (TSX.V: GRZ) (OTCQX: GDRZF) ha annunciato la nomina di Paul Rivett come nuovo Amministratore Delegato, con effetto immediato. Rivett continuerà a ricoprire anche il ruolo di Direttore e Vice-Presidente Esecutivo del consiglio. Il Presidente Robert Cohen ha espresso fiducia nell'esperienza di gestione e imprenditoriale di Rivett, sottolineando che ciò gli permetterà di attuare strategie dinamiche per migliorare il valore per gli azionisti.
La nomina segue il successo dell'azienda nella continuazione delle sue attività in Bermuda. Come parte della sua nomina, a Rivett sono state concesse 1.000.000 opzioni su azioni per acquistare fino a 1.000.000 azioni ordinarie. Le opzioni matureranno per il 50% alla data di concessione e per il 50% sei mesi dopo, con un prezzo di esercizio di US$2,35 per azione e un termine massimo di cinque anni.
Gold Reserve (TSX.V: GRZ) (OTCQX: GDRZF) ha anunciado el nombramiento de Paul Rivett como nuevo Director Ejecutivo, con efecto inmediato. Rivett continuará desempeñándose como Director y Vicepresidente Ejecutivo del consejo. El Presidente Robert Cohen expresó su confianza en las décadas de experiencia en gestión y empresarial de Rivett, declarando que le permitirá implementar estrategias dinámicas para mejorar el valor para los accionistas.
El nombramiento sigue a la exitosa continuidad de la empresa en Bermuda. Como parte de su nombramiento, se han otorgado a Rivett 1.000.000 opciones sobre acciones para comprar hasta 1.000.000 acciones ordinarias. Las opciones madurarán el 50% en la fecha de concesión y el 50% seis meses después, con un precio de ejercicio de US$2,35 por acción y un plazo máximo de cinco años.
골드 리저브 (TSX.V: GRZ) (OTCQX: GDRZF)는 폴 리벳을 새로운 CEO로 즉시 임명한다고 발표했습니다. 리벳은 이사 및 집행 부회장의 역할을 계속 수행할 것입니다. 로버트 코헨 회장은 리벳의 수십 년간의 관리 및 기업가 경험에 대한 신뢰를 표명하며, 이는 그가 주주 가치를 향상시키는 역동적인 전략을 시행하는 데 도움을 줄 것이라고 언급했습니다.
이번 임명은 회사의 버뮤다 진출 성공 이후 이루어진 것입니다. 임명의 일환으로 리벳은 1,000,000 주식 매수 선택권을 부여받아 최대 1,000,000 주식의 구매가 가능합니다. 선택권은 부여일에 50%, 6개월 후에 50%가 발생하며, 주당 US$2.35의 행사 가격과 최대 5년의 기간을 가집니다.
Gold Reserve (TSX.V: GRZ) (OTCQX: GDRZF) a annoncé la nomination de Paul Rivett en tant que nouveau Directeur Général, avec effet immédiat. Rivett continuera à servir en tant que Directeur et Vice-Président Exécutif du conseil d'administration. Le Président Robert Cohen a exprimé sa confiance dans les décennies d'expérience en management et en entrepreneuriat de Rivett, affirmant que cela lui permettra de mettre en œuvre des stratégies dynamiques pour accroître la valeur pour les actionnaires.
Cette nomination fait suite à la continuation réussie de l'entreprise à Bermuda. Dans le cadre de sa nomination, Rivett s'est vu accorder 1.000.000 options sur actions pour acheter jusqu'à 1.000.000 actions ordinaires. Les options seront acquises à hauteur de 50 % à la date de l'octroi et de 50 % six mois plus tard, avec un prix d'exercice de US$2,35 par action et une durée maximale de cinq ans.
Gold Reserve (TSX.V: GRZ) (OTCQX: GDRZF) hat die Ernennung von Paul Rivett zum neuen Chief Executive Officer bekannt gegeben, die sofort wirksam wird. Rivett wird weiterhin als Direktor und Exekutiv-Vorsitzender des Vorstands fungieren. Vorsitzender Robert Cohen äußerte Vertrauen in Rivetts jahrzehntelange Management- und Unternehmertätigkeit und erklärte, dass ihm dies ermöglichen werde, dynamische Strategien zur Steigerung des Shareholder-Value umzusetzen.
Die Ernennung folgt dem erfolgreichen Fortgang des Unternehmens in Bermuda. Im Rahmen seiner Ernennung wurden Rivett 1.000.000 Aktienoptionen gewährt, um bis zu 1.000.000 Stammaktien zu kaufen. Die Optionen werden zu 50 % zum Zeitpunkt der Gewährung und zu 50 % sechs Monate später fällig, mit einem Ausübungspreis von US$2,35 pro Aktie und einer maximalen Laufzeit von fünf Jahren.
- Appointment of experienced CEO Paul Rivett with decades of management experience
- Potential for enhanced shareholder value through new leadership
- Successful continuance into Bermuda, indicating strategic corporate restructuring
- Granting of 1,000,000 stock options may lead to potential dilution for existing shareholders
Robert Cohen, Chairman, said the following about the appointment of Mr. Rivett: “We are delighted to appoint Paul as CEO. He has decades of management and entrepreneurial experience that will enable him to implement dynamic, forward-thinking strategies to enhance shareholder value. His appointment follows our successful continuance into
In connection with the appointment of Mr. Rivett as CEO, the Company has granted Mr. Rivett 1,000,000 stock options (the “Options”) to purchase up to 1,000,000 common shares.
On Behalf of the Board of Directors
Robert Cohen
Chairman
Cautionary Statement Regarding Forward-Looking statements
This news release contains “forward-looking statements” within the meaning of applicable
Such information and statements reflect the current views of the Company’s management, as the case may be, with respect to future events, and are based on information currently available to the Company, as the case may be, and are subject to certain risks, uncertainties and assumptions, including those discussed below. Many factors could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by such forward-looking information or statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
For a more detailed discussion of the risk factors affecting the Company’s business, see the Company’s management information circular dated August 20, 2024, the Company’s Management’s Discussion & Analysis for the 6-month period ended June 30, 2024, the Annual Information Form on Form 40-F and Management’s Discussion & Analysis for the year ended December 31, 2023 and other reports that have been filed on SEDAR+ and are available under the Company’s profile at www.sedarplus.ca and which have been filed on EDGAR and are available under the Company’s profile at www.sec.gov/edgar.
Investors are cautioned not to put undue reliance on forward-looking information or statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking information or statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by the Securities and Exchange Commission and applicable Canadian provincial and territorial securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241004706816/en/
For further information regarding Gold Reserve Ltd., please contact:
Jean Charles Potvin
999 W. Riverside Ave., Suite 401
Tel: (509) 623-1500
Fax: (509) 623-1634
Source: Gold Reserve Ltd.
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