Gold Reserve makes push in Luxembourg to collect Venezuela award

April 14, 2015 1:02 AM

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CARACAS, April 13 (Reuters) - Gold Reserve Inc has served banks in Luxembourg with the equivalent of writs of garnishment relating to around $700 million in interest payments on Venezuelan bonds and funds, as part of its growing push to collect an arbitration award from the South American country.

"These banks were chosen because they are designated as paying agents or transfer agents in listing memoranda relating to various bonds issued by Venezuela and listed on the Luxembourg Stock Exchange," the Toronto-listed gold mining company said in a statement on Monday.

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