Gold Reserve Announces Grant of Stock Options

Rhea-AI Summary

Gold Reserve Inc. (TSX.V: GRZ) (OTCQB: GDRZF) has granted 50,000 stock options to CFO Robert A. McGuinness. The stock options are exercisable at US $1.61 and come with a 10-year term, issued under the 2012 Equity Incentive Plan. This move is part of the company's strategy to incentivize key executives and align their interests with shareholders. For more details, visit www.goldreserveinc.com.

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• Grant of 50,000 stock options may enhance executive alignment with shareholder interests.

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• None.

Gold Reserve Inc. (TSX.V: GRZ) (OTCQB: GDRZF) (“Gold Reserve” or the “Company”) announces the grant of 50,000 stock options to Robert A. McGuinness, Chief Financial Officer of the Company. The stock options granted today are exercisable at US $1.61, have a 10-year term, and have been issued under the Company’s existing 2012 Equity Incentive Plan.

Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and www.sedar.com.

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/20210107005852/en/

FAQ

What is the stock option grant by Gold Reserve Inc.?

Gold Reserve Inc. has granted 50,000 stock options to CFO Robert A. McGuinness, exercisable at US $1.61.

What is the exercise price and term of the stock options granted?

The stock options are exercisable at US $1.61 with a 10-year term.

Under which plan were the stock options issued?

The stock options were issued under the Company’s 2012 Equity Incentive Plan.