Gold Reserve Suit Claims Rusoro Violated Citgo-Bid Agreement

Gold Reserve Ltd. sued rival Rusoro Mining Ltd. for allegedly violating an agreement to join a bid to acquire the controlling shares of Citgo Petroleum Corp. as a part of...

By Jef Feeley · Bloomberg Markets

Gold Reserve Ltd. sued rival Rusoro Mining Ltd. for allegedly violating an agreement to join a bid to acquire the controlling shares of Citgo Petroleum Corp. as a part of a US court auction of the Venezuela-owned oil refiner to satisfy debts owed by the government.