An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Gold Reserve Announces Retirement of Doug Belanger
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Gold Reserve Inc. (OTCQX: GDRZF) announced that President A. Douglas Belanger will retire at the end of 2022 after over 34 years with the company, citing health and family priorities. Belanger will not seek re-election at the upcoming Annual Shareholders Meeting but will serve as a consultant post-retirement. Both Executive Chairman James H. Coleman and CEO Rockne J. Timm praised Belanger's significant contributions during challenging times. The release also contains cautionary forward-looking statements about risks, particularly related to operations in Venezuela.
Positive
Belanger's 34 years of leadership contributed significantly to the company's development and success.
Belanger will remain available as a consultant, ensuring a transition of knowledge and experience.
Negative
Concerns regarding the company's operations in Venezuela may impact future performance.
Forward-looking statements indicate significant uncertainties and risks associated with economic conditions.
SPOKANE, Wash.--(BUSINESS WIRE)--
Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announced that A. Douglas Belanger, President and a Director of the Company, will retire after more than 34 years of leadership. Mr. Belanger will not stand for re-election at the time of the 2022 Annual Shareholders Meeting and his retirement as President will be effective at the end of 2022 to focus on his health and spend more time with his family.
James H. Coleman, Executive Chairman, said “Doug’s contributions over the years are too many to list and he has been a pivotal part of the executive team and always had the best interest of the Company first and foremost. After his retirement, we are pleased to have Doug remain available to the Company on a consulting basis. We wish Doug all the best as he commences a new chapter in his life.”
Rockne J. Timm, Chief Executive Officer, said that “Doug has contributed significantly to the development and success of the Company over the past 34 years during extremely challenging times. His contribution is greatly appreciated by me and his other colleagues and we all wish him the very best. We expected Doug to have been with us for many more years providing his wise counsel and leadership but we can certainly understand the decision he has made.”
This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements, including without limitation the risks and uncertainties associated with the U.S. and Canadian sanctions against Venezuela and/or its government officials, the timing of Mr. Belanger’s retirement and appointment of any successor, risks associated with the continued failure by Venezuela to honor its commitments under the Settlement Agreement and/or the Award; risks associated with the collection of the Award and substantial concentration of our operations and assets in Venezuela and risks that any future Venezuelan administration will fail to respect the agreements of the prior administration. This list is not exhaustive of the factors that may affect any of Gold Reserve’s forward-looking statements. For a more detailed discussion of the risk factors affecting the Company’s business, see the Company’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2021 which have been filed on SEDAR and are available under the Company’s profile at www.sedar.com and which form part of the Company’s Form 40-F for the year ended December 31, 2021 which have been filed on EDGAR and are available under the Company’s profile at www.sec.gov/edgar and any other risks set forth in subsequent filings by the Company.
Investors are cautioned not to put undue reliance on forward-looking 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 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.
