Market News
Gold Reserve asks US court to proceed to sale hearing in Citgo auction - REUTERS
HOUSTON (Reuters) -Toronto-listed miner Gold Reserve has asked a U.S. federal court to proceed to the final sale hearing that will decide the winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing.
Gold Reserve's request was filed on Monday, following a notification last week about a competing offer by an unidentified bidder. A $7.4 billion bid by a group led by a subsidiary of the miner was recommended last month as the winner of the bidding round, but the judge in Delaware must still decide whether to approve it.
(Reporting by Marianna Parraga; Editing by Gabriel Araujo)
