SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
Gold Reserve Corporation
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(Exact name of issuer as specified in charter)
1940 Seafirst Financial Center, Spokane, WA 99201
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(Address of principal executive's offices)
(509) 623-1500
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(Issuer's telephone number including area code)
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or
more in the number of shares outstanding:
1. Title of Security: Common Stock
2. Number of shares outstanding before change: 19,115,462
3. Number of shares outstanding after the change: 20,444,645
4. Effective date: June 23, 1995
5. Method of change: Distribution
Give brief description of transaction:
Pursuant to a plan of exchange approved by the Company's
shareholders on May 19, 1995, the Company issued 1,329,183 common
shares -- 645,261 common shares to former minority shareholders
of Gold Reserve de Aruba A.V.V. and 683,922 common shares to
former minority shareholders of Glandon Company A.V.V. In
consequence of the exchange, Gold Reserve de Aruba A.V.V. and
Glandon Company A.V.V. are now wholly-owned subsidiaries of the
Company.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: N/A
2. Name after change: N/A
3. Effective date of charter amendment: N/A
4. Date of shareholder approval of change,
if required: N/A
June 23, 1995 /s/ Robert A. McGuinness, VP Finance & CFO
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(Date) (Officer's signature and title)
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