Gold Reserve (GRZ) Granted Interlocutory Injunction Restraining Rusoro Mining Hostile Takeover Bid
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Gold Reserve Inc. (NYSE: GRZ) announced today that the Ontario Superior Court of Justice has granted an interlocutory injunction restraining Rusoro Mining Ltd. from proceeding with any hostile takeover bid to acquire the shares of Gold Reserve until the conclusion and disposition at trial of the action commenced by Gold Reserve.
The injunction was granted by the Court following a motion by Gold Reserve on the basis that Rusoro had access to or benefited from the use of Gold Reserve's confidential information as a result of Rusoro's relationship with Endeavour Financial International Corporation.
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