14 Jan 2009business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Jan 2009business combination● Neutral
Procedural amendment adding Gold Reserve's Brisas/Venezuela statement as an exhibit to its rejection filing.
13 Jan 2009business combination● Neutral
Call-center FAQ script for Gold Reserve's information agent fielding shareholder questions about the hostile bid.
12 Jan 2009business combination● Neutral
Script for a pre-recorded phone message to shareholders reiterating the board's rejection recommendation ahead of the bid's then-scheduled January 21 expiry.
8 Jan 2009merger communication● Neutral
An Ontario Superior Court judge set February 4, 2009 as the hearing date for Gold Reserve's motion to enjoin Rusoro's bid and compel Endeavour's cooperation.
8 Jan 2009business combination● Neutral
Procedural amendment adding an exhibit to Gold Reserve's rejection statement.
6 Jan 2009merger communication● Neutral
Gold Reserve's press release confirming it filed the same investor presentation with securities regulators.
6 Jan 2009business combination● Neutral
Procedural amendment adding the investor presentation as an exhibit to Gold Reserve's rejection statement.
6 Jan 2009merger communication▼ Bad
Gold Reserve posted an investor presentation reiterating its board's unanimous recommendation to reject Rusoro's bid.
5 Jan 2009business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
5 Jan 2009merger communication▼ Bad
Rusoro dismissed Gold Reserve's rejection as a defensive tactic and said it remained committed to giving shareholders the chance to consider the bid.
31 Dec 2008business combination● Neutral
Procedural amendment adding an exhibit to Gold Reserve's rejection statement.
31 Dec 2008merger communication▼ BadMajor
Gold Reserve filed its injunction motion in Ontario Superior Court to block Rusoro's bid and separately extended the deadline before its poison pill's rights would separate from its shares.
30 Dec 2008business combination▼ BadMajor
Gold Reserve's board unanimously recommended shareholders reject Rusoro's offer as inadequate compensation for the Brisas project and the company's cash.
29 Dec 2008business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
29 Dec 2008merger communication▼ Bad
Rusoro accused Gold Reserve's board of entrenchment for amending its poison pill without a shareholder vote.
24 Dec 2008merger communication▼ BadMajor
Gold Reserve's board amended its shareholder rights plan (poison pill) to broaden what counts as a Permitted Bid and formed an independent committee -- a defensive move against Rusoro's unsolicited bid.
24 Dec 2008merger communication● Neutral
Full text of Gold Reserve's amended shareholder rights plan agreement filed to support the December 24 announcement.
23 Dec 2008business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
23 Dec 2008merger communication▲ Good
Rusoro's Canadian filing duplicating its December 19 production announcement for the Choco 10 and Isidora mines.
22 Dec 2008merger communication● Neutral
Transcript of a BNN television interview with Rusoro's president promoting the bid as a way to consolidate Venezuelan gold assets.
22 Dec 2008merger communication● Neutral
Rusoro confirmed it mailed the formal offer documents to Gold Reserve shareholders and made a related filing amendment.
22 Dec 2008business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
19 Dec 2008merger communication▲ Good
Rusoro touted record November gold production and record-low cash costs at its Venezuelan Choco 10 mine, part of its case to shareholders that its stock is a strong currency for the bid.
19 Dec 2008business combination● Neutral
Further procedural amendment to Rusoro's tender offer statement.
19 Dec 2008business combination● Neutral
Procedural amendment to Rusoro's tender offer statement.
19 Dec 2008merger communication▼ Bad
Rusoro accused Gold Reserve's board of trying to block shareholders from considering the bid and said it would keep fighting Gold Reserve's lawsuit.
18 Dec 2008business combination● Neutral
Further procedural amendment to Rusoro's tender offer statement, adding another exhibit; no change to bid terms.
18 Dec 2008business combination● Neutral
Procedural amendment adding an exhibit to Rusoro's tender offer statement.
17 Dec 2008merger communication● Neutral
Rusoro reminder urging Gold Reserve holders to tender into the still-open bid; no new terms.