Gold Reserve settles bank fees linked to PDV Holdings loan

Gold Reserve said on Friday it has agreed to pay about $5 million in commitment fees to banks tied to the loan facility it used to bid for shares of PDV Holdings, as part of its efforts to recover assets in Venezuela.

Separately, the company said it is reviewing and updating its security plans to support potential negotiations for a safe return to operations in Venezuela, following the ouster of President Nicolas Maduro.

(By Pranav Mathur; Editing by Devika Syamnath)