Gold Reserve Ltd. has filed a Reply Brief with the U.S. Court of Appeals for the Third Circuit regarding the judicial sale of PDVH Shares to Elliott/Amber Energy. The company argues that the Delaware court improperly approved Elliott/Amber Energy's $5.9 billion bid, which was lower than Gold Reserve's $7.9 billion bid and did not meet the court's overbid-minimum requirement. The appeal process is ongoing, with oral arguments expected to be scheduled soon.
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