Gold Reserve says Venezuela seized mine, shares drop

Gold Reserve says Venezuela seized mine, shares drop - "Gold Reserve (GRZ.TO) said on Tuesday the Venezuelan government had seized control of its Brisas gold property, deepening a dispute between the miner and Hugo Chavez's government, and pulling the company's shares down 15 percent.

The Toronto-listed company's rights to much of the deposit were taken away by the government earlier this year, and Gold Reserve filed for international arbitration last week, seeking to recoup billions of dollars in damages." More
- 10/27/09 | Item |

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