Gold Reserve Ltd. revealed that its subsidiary, Dalinar Energy Corporation, did not win the bid to acquire the shares of PDV Holding, Inc., the owner of CITGO Petroleum Corp. The U.S. District Court for the District of Delaware oversaw the sales process, where Dalinar Energy was not recommended by the Special Master for the purchase. Gold Reserve Ltd. is listed on TSX.V as GRZ, BSX as GRZ.BH, and OTCQX as GDRZF. The news was disclosed in Pembroke, Bermuda.