Gold Reserve Announces Stock Option Grants

Rhea-AI Summary

Gold Reserve Inc. (TSX.V: GRZ, OTCQX: GDRZF) has granted 165,000 stock options to employees, including 100,000 to CFO Dave Onzay. These options are exercisable at $0.99 and have a 10-year term, issued under the 2012 Equity Incentive Plan.

This action signifies the company's commitment to rewarding its employees while potentially aligning their interests with those of the shareholders, as stock options can motivate performance and enhance shareholder value.

Positive

• Granting of 165,000 stock options, including 100,000 to CFO, aligns employee interests with shareholders.
• Stock options exercisable at $0.99 signal confidence in the company's future performance.

Negative

• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) today announced that its Board of Directors granted 165,000 stock options to employees. Dave Onzay, CFO received a grant of 100,000. These stock options are exercisable at US $0.99 and have a 10-year term and have been issued pursuant to the Company's 2012 Equity Incentive Plan (as amended, the "Option Plan").

Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov/edgar, 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/20221004006081/en/

Gold Reserve Inc.

A. Douglas Belanger, President

999 W. Riverside Ave., Suite 401

Spokane, WA 99201 USA

Tel: (509) 623-1500

Fax: (509) 623-1634

Source: Gold Reserve Inc.

FAQ

What stock options were granted by Gold Reserve Inc. on October 4, 2023?

Gold Reserve Inc. granted 165,000 stock options on October 4, 2023, including 100,000 to CFO Dave Onzay.

What is the exercise price for the stock options granted by Gold Reserve Inc.?

The stock options granted by Gold Reserve Inc. are exercisable at $0.99.

What is the term of the stock options granted by Gold Reserve Inc.?

The stock options granted by Gold Reserve Inc. have a term of 10 years.

How many stock options did CFO Dave Onzay receive from Gold Reserve Inc.?

CFO Dave Onzay received a grant of 100,000 stock options from Gold Reserve Inc.