# Gold Reserve Files Response in Citgo Appeal

> Gold Reserve supports Venezuela's six-month abeyance request for PDVH sale, pending U.S. backing.
- Title: Gold Reserve Files Response in Citgo Appeal · Financialpost
- Summary: Gold Reserve supports Venezuela's six-month abeyance request for PDVH sale, pending U.S. backing. Gold Reserve filed a response supporting Venezuela's motion…
- Keywords: gold reserve, venezuela, pdvh, citgo, delaware creditors, abeyance, us administration, appeal, money, business, Gold, Reserve
- Source: Financialpost — https://financialpost.com/pmn/business-wire-news-releases-pmn/gold-reserve-files-response-in-citgo-appeal-supporting-venezuelas-request-for-abeyance-subject-to-support-of-the-united-states
- Read time: 1 min
- Topics: gold reserve, venezuela, pdvh, citgo, delaware creditors, abeyance, us administration, appeal, money, business
## Gold Reserve Files Response
Gold Reserve Ltd. filed a response to Venezuela's motion for abeyance in the appeal concerning the proposed judicial sale of PDVH shares to Elliott/Amber Energy.
## Venezuela's Abeyance Request
Venezuela requested a six-month abeyance for the appeal to allow repayment of Delaware creditors with periodic status reports every six months.
## U.S. Involvement Required
Gold Reserve's response states the U.S. Administration's actions in Venezuela have increased Citgo's value and enabled repayment of Delaware creditors.
## Proposed Solution
Gold Reserve believes a Venezuela-led purchase supported by the U.S. Administration could resolve creditors' claims promptly and comprehensively.
## U.S. Filing Deadline
The U.S. Court of Appeals for the Third Circuit invited the United States to express views by October 13, 2026, with no filing submitted as of this release.
## Key Legal Proceedings
The appeal involves Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.).
## Company Background
Gold Reserve is a US-owned mineral exploration company listed on TSX Venture Exchange, Bermuda Stock Exchange, and OTCQX.
## Forward-Looking Statements
The release contains forward-looking statements about potential abeyance, repayment of creditors, and the impact of U.S. actions in Venezuela.
## Next Steps
Gold Reserve's response supports Venezuela's six-month abeyance request pending U.S. backing for a prompt resolution of creditors' claims.
## Key takeaway

Gold Reserve filed a response supporting Venezuela's motion for a six-month abeyance in the PDVH share appeal, contingent on U.S. support for repayment of Delaware creditors.