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 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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