Gold Reserve unit wins Citgo parent auction with $7.38 billion bid

Dalinar Energy Corporation, a unit of Toronto-listed miner Gold Reserve, has been declared the provisional winner of a high-profile auction of PDV Holding, the US parent of Venezuela’s Citgo Petroleum, with an offer of $7.38 billion. According to Reuters, the sale is part of a US court-led effort to pay creditors who were left without […]