Latest news with #Bermuda
National Post
15 hours ago
- Business
- National Post
Delaware Court Further Extends Topping Period for Citgo Sale Process to June 18, 2025; Confirms Other Deadlines
Article content PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (' Gold Reserve ' or the ' Company ') announces that today the U.S. District Court for the District of Delaware (the ' Court ') issued an order that further extended the Topping Period for submitting bids for the purchase of the shares of PDVH, the indirect holding company of Citgo Petroleum, to June 18, 2025. The order granted a motion by the Venezuela Parties (Citgo Petroleum, PDVH, PDVSA and the Republic of Venezuela) to extend the Topping Period, which motion was supported by Vitol, Inc., Rusoro Mining Ltd., the Company, and the Special Master appointed by the Court to oversee the sale process. Article content Article content The Court also confirmed the following additional deadlines for the Sale Process: (a) the deadline for the Special Master to submit his Final Recommendation is June 27, 2025; (b) the deadline for the filing of any objections to the Special Master's Final Recommendation is July 3, 2025; (c) the deadline for the filing of responses to objections to the Special Master's Final Recommendation is July 11, 2025; (d) the deadline for the filing of replies regarding any objections to the Special Master's Final Recommendation is July 16, 2025; (e) the Special Master shall submit a Joint Status Report by July 16, 2025; (f) the discovery period shall conclude on July 18, 2025; and (g) the Sale Hearing shall commence on July 22, 2025. Article content The Court also directed the Special Master to meet and confer with the parties regarding a schedule for discovery relevant to objections to the Special Master's Final Recommendation and file a proposed discovery schedule accounting for the extension of the Topping Period. Article content A copy of the orders issued by the Court can be found here and here. Article content A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic Records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings. Article content 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. They are frequently characterized by words such as 'anticipates', 'plan', 'continue', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'potential', 'proposed', 'positioned' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements contained in this press release include, but are not limited to, statements relating to any bid submitted by the Company for the purchase of the PDVH shares (the ' Bid '). Article content We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual events, outcomes or results of Gold Reserve to be materially different from our estimated outcomes, results, performance, or achievements expressed or implied by those forward-looking statements, including but not limited to: the discretion of the Special Master to consider the Bid, to enter into any discussions or negotiation with respect thereto and that the Special Master may reject the Bid at any time; the Special Master may choose not to recommend a Base Bid or Final Bid to the Court; the failure of the Company to negotiate the Bid, including as a result of failing to obtain sufficient equity and/or debt financing; that Bid submitted by the Company will not be selected as the 'Base Bid' or the 'Final Recommend Bid' under the Bidding Procedures, and if selected may not close due to the Sale Process not being completed, including as a result of not obtaining necessary regulatory approval to close on the purchase of the PDVH shares, including but not limited to any necessary approvals from the U.S. Office of Foreign Asset Control (' OFAC '), the U.S. Committee on Foreign Investment in the United States, the U.S. Federal Trade Commission or the TSX Venture Exchange; failure of the Company or any other party to obtain any required shareholders approvals for, or satisfy other conditions to effect, any transaction resulting from the Bid; that the Company forfeit any cash amount deposit made due to failing to complete the Bid or otherwise; that the making of the Bid or any transaction resulting therefrom may involve unexpected costs, liabilities or delays; that, prior to or as a result of the completion of any transaction contemplated by the Bid, the business of the Company may experience significant disruptions due to transaction related uncertainty, industry conditions, tariff wars or other factors; the ability to enforce the writ of attachment granted to the Company; the timing set for various reports and/or other matters with respect to the Sale Process may not be met; the ability of the Company to otherwise participate in the Sale Process (and related costs associated therewith); the amount, if any, of proceeds associated with the Sale Process; the competing claims of other creditors of Venezuela, PDVSA and the Company, including any interest on such creditors' judgements and any priority afforded thereto; uncertainties with respect to possible settlements between Venezuela and other creditors and the impact of any such settlements on the amount of funds that may be available under the Sale Process; and the proceeds from the Sale Process may not be sufficient to satisfy the amounts outstanding under the Company's September 2014 arbitral award and/or corresponding November 15, 2015 U.S. judgement in full; and the ramifications of bankruptcy with respect to the Sale Process and/or the Company's claims, including as a result of the priority of other claims. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. For a more detailed discussion of the risk factors affecting the Company's business, see the Company's Management's Discussion & Analysis for the year ended December 31, 2024, and other reports that have been filed on SEDAR+ and are available under the Company's profile at Article content 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. Article content Article content Article content Article content Article content Article content
CNET
a day ago
- Business
- CNET
Gear Up For Summer Travel With 22% Off Nomad's eSIMs Using CNET's Exclusive Code
Many of us are now preparing our summer travel plans. And if those plans are international, staying connected is essential. Data plans can add up pretty quickly, especially if the trip lasts for more than a few days. Luckily, an eSIM can help you stay online and in touch with loved ones back home. And Nomad is here to help you save the big bucks. Using our exclusive code, SUMMERCNET, you can score 22% off Nomad eSIM plans. This code may only be used once per person, and the plan must be activated within 60 days of purchase. The deal is valid until August 31 but is limited to the first 100 users -- so we expect the deal will be over long before then. Keep in mind, this code does not apply to add-on data, day plans, sale plans, or plans under $5. Nomad eSIM has a wide variety of plans available, including local, regional and global eSIMs. The provider is valid in over 200 countries and regions, so you're covered, no matter where you go. Local eSIMs are for one country. (If you're planning on taking a trip just to Bermuda, you can use the local option and choose Bermuda.) From there, you'll be given more options on the amount of GBs and the number of days. If you're traveling to multiple countries, you may benefit from a regional or global plan. The global plan includes up to 112 countries. The number of countries you'd like to include, the number of days and the amount of GBs must be selected. The regional plan is similar but more continent/area-based. For example, if you're taking a European trip, you might choose the Europe regional plan because it includes 35 countries in Europe. Then, of course, you'll choose the specifics. For more travel bargains, take a look at the best luggage deals to upgrade your bags before your next trip. Why this deal matters You'll need to act fast if you want to take advantage of this deal; it's only valid for the first 100 users. Even though the code technically doesn't expire until August 31, we suspect this deal will be over before then. Keep in mind, the code does not apply to add-on data, day plans, sale plans, or plans under $5.
Daily Mail
a day ago
- Entertainment
- Daily Mail
Livvy Dunne shares snaps of boyfriend Paul Skenes for his birthday
Livvy Dunne wished her professional baseball player boyfriend, Paul Skenes, a happy birthday, on social media. Skenes, who turned 23 on Thursday, is a star pitcher for the Pittsburgh Pirates. Gymnast Dunne posted the photos with the caption, 'Happy birthday little baby @paulskenes' on Thursday afternoon. Dunne recently graced the cover of the Sports Illustrated Swimsuit Edition magazine and she became a cover star this year after posing for SI Swimsuit in Bermuda. However, the former LSU star said she wasn't very comfortable during the shoot - due in part to the fact that she kept putting weight on the kneecap she fractured in March to prematurely end her college gymnastics career. 'Fun fact: I was shooting on a fractured kneecap, so poses like this and the cover shot kind of hurt,' Dunne said in a recap video of the shoot, as she showed herself posing on her knees. 'But it was honestly so worth it.' The issue, which is on newsstands now after being released on May 17, and it also featured fellow gymnast Jordan Chiles, actress Salma Hayek and model Lauren Chan as cover stars. Dunne, 22, admitted the whole experience was a dream come true afterwards. 'I can't believe it. Oh my god,' she told the magazine. 'That photo is so good. That is crazy, I am a Sports Illustrated Swimsuit cover model. She also gushed over the shoot in Bermuda, adding: 'It was the most beautiful place I have ever been. The whole experience was extraordinary. 'I know it was quick, but every single time we go to these places, and I shoot for these 24 hours, and it's the quickest trip, you guys feel like family, truly. I have the best time, and it's the most fun shoot I've ever done.'
National Post
2 days ago
- Entertainment
- National Post
Painful injury couldn't stop Livvy Dunne's SI Swimsuit cover photoshoot
Article content A little thing like a broken kneecap wasn't about to Olivia Dunne's big moment. Article content Article content The popular former college gymnast, who boasts more than 5.3 million followers on Instagram, shared that she was playing through the pain when it came time for her SI Swimsuit photoshoot earlier this year. Article content In video posted on Instagram earlier this month, Livvy shared that she was suffering through her shoot in Bermuda – and it wasn't just the 5 a.m. wakeup call, either. Article content The former LSU star, who graces the cover of the 2025 Sports Illustrated Swimsuit issue, sustained an avulsion fracture in her kneecap earlier this year, not long before swim-suiting up on a tropical beach. Article content View this post on Instagram A post shared by Olivia Dunne (@livvydunne) Article content Article content 'Fun fact: I was shooting on a fractured kneecap, so poses like this and the cover shot kind of hurt, but it was honestly so worth it,' Dunne said in the clip highlighting her photoshoot. Article content Article content While the injury knocked Dunne out of competition at LSU, it didn't hold her back at the shoot. Article content This year marks Dunne's appearance in the SI Swimsuit issue since debuting in 2023. This year, Dunne was one of four cover models selected alongside actress Salma Hayek , model Lauren Chan and fellow gymnast Jordan Chiles. Article content View this post on Instagram A post shared by Olivia Dunne (@livvydunne)
Irish Examiner
3 days ago
- Irish Examiner
Nine essential capsule wardrobe pieces to pack in your carry-on this summer
You've got a carry-on bag, a long weekend and a ticket to somewhere unspeakably hot. The mission: to locate the nearest cocktail upon arrival (how many pins did you drop on Google Maps?) before cracking on with the time-bound itinerary in your phone's Notes app. That means no time to change or faff about what to wear. Consider it holiday essentialism—only that which is necessary will make the cut. Here's how. First, consider fabrics. Sweaty and sticky is not the vibe. Look to cotton and linen for maximum breathability and avoid synthetics where humanly possible. Next, think in terms of one-and-done pieces like dresses or jumpsuits that save time and interchangeable separates that save space. Both deserve equal billing. Never Fully Dressed's latest collaboration with Lisbon-based creator Caetana is a go-to for gunás. Playful palm trees and shell prints, ruffles and hand-beading add an extra dimension and makes that 10-minute quickie change for dinner a breeze. While you're at it, bung in one of Zara's boho finds and let the embroidery do the talking. They don't call them conversational prints for nothing. Plus, the drama saves on unnecessary accessories. Why bring jewellery when utility pieces like a bright raffia bag or decorative hardware on sandals do overtime? Let's not forget our layering pieces like a tank top or a crisp cropped shirt. Worn together or separately, these pair especially well with high-waist Bermudas or a linen skirt. Try COS, Parfois and & Other Stories for high street staples in natural fibres. Now go pack. You've got a plane to catch. 'Pollenca' mini dress Cream And Red Pollenca Mini Dress, Never Fully Dressed, €185 NFD X Caetana, €185 Wide-leg Bermuda shorts Wide-leg Bermuda shorts, & Other Stories, €69 & Other Stories, €69 Knitted tank top Knitted tank top, & Other Stories, €59 & Other Stories, €59 Cropped short-sleeved cotton shirt Cropped short-sleeved cotton shirt, COS, €59 COS, €59 Sunglasses Sunglasses, H&M, €12.75 H&M, €12.75 100% linen skirt 100% linen skirt, Parfois, €55.99 Parfois, €55.99 Embroidered panel dress Embroidered panel dress, Zara, €45.95 Zara, €45.95 Leather sandals with metallic detail Leather sandals with metallic detail, Parfois, €45.99 Parfois, €45.99 Striped raffia bag Striped raffia bag, Parfois, €55.99 Parfois, €55.99 Read More Nine low-effort ways to wear soft stripes this summer
