22 Dec 2008business 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.
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.
16 Dec 2008merger communication▼ Bad
Rusoro reaffirmed its commitment to the bid a day after launch, citing the premium over Gold Reserve's recent trading price.
16 Dec 2008merger communication▼ BadMajor
Gold Reserve sued Rusoro and Endeavour Financial in Ontario Superior Court, seeking an injunction to stop the bid and damages, over Endeavour's conflicted dual role as advisor to both companies.
16 Dec 2008business combination● Neutral
Procedural amendment to Rusoro's tender offer statement; no change to the bid's terms.
15 Dec 2008merger communication▼ BadMajor
Rusoro Mining Ltd. launched an unsolicited exchange offer to buy Gold Reserve for 3 Rusoro shares per Gold Reserve share (about $67 million total). Gold Reserve hired bankers and lawyers and flagged that Rusoro's financial advisor, Endeavour Financial, also advises Gold Reserve -- a conflict Gold Reserve says makes the offer improper.
15 Dec 2008merger communication▼ Bad
Rusoro's shareholder solicitation materials pitching the takeover as combining two Venezuelan gold operations; reiterates the bid already announced.
15 Dec 2008merger communication▼ BadMajor
Rusoro's own announcement of the hostile bid: a 3-for-1 share exchange it says represents a 140% premium to Gold Reserve's last trading price before the offer.
15 Dec 2008business combination▼ BadMajor
Rusoro's full, legally operative Offer to Purchase and Circular formally commencing the tender offer under SEC and Canadian rules -- the document that starts the clock on the bid.
15 Dec 2008merger communication▼ Bad
Rusoro's formal Notice of Offer to Purchase, the cover document giving legal notice of the December 15 bid terms already announced.
15 Dec 2008merger communication▼ Bad
Duplicate SEC filing of Rusoro's December 15 bid-launch press release; no new terms beyond the initial announcement.
15 Dec 2008merger communication▼ Bad
Gold Reserve's Canadian material change report disclosing the same news as its December 15 press release: an unsolicited offer received from Rusoro.
15 Dec 2008merger communication● Neutral
Call-center script for brokers fielding shareholder questions about Rusoro's new bid; procedural collateral, no new terms.
3 Oct 2003listing compliance notice▲ GoodMajor
the American Stock Exchange certified GOLD RESERVE LTD's securities for listing, clearing them to begin trading.
2 Oct 2003listing compliance notice▼ Bad
GOLD RESERVE LTD withdrew a registration statement, abandoning the offering it covered.