Gold Reserve's board rejects Rusoro's takeover bid

Calling Rusoro Mining’s (RML-V, RMLFF-O) unsolicited bid “opportunistic” and “financially inadequate,” Gold Reserve’s (GRZ-T, GRZ-x) board of directors has unanimously recommended that shareholders reject the offer, which it says “significantly undervalues” the company. J.P. Morgan Securities and RBC Capital Markets, Gold...

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