In a move to streamline reporting requirements and save money, Gold Reserve Ltd. has deregistered its Class A common shares in the U.S., the company announced in a press release.

Effective Jan. 1, the mining company was no longer a foreign private issuer from the perspective of the Securities and Exchange Commission. On Jan. 30, Gold Reserve filed a Form 15 with the SEC to suspend its reporting requirements under U.S. security laws.

The company’s common shares will continue to be listed on the Calgary, Alberta-based TSX Venture Exchange and the OTCQX Best Market of the OTC Markets Group Inc. Gold Reserve will also continue to file disclosure documents required under Canadian securities laws.

In a separate press release, Gold Reserve announced it has responded to a November proposal letter from the Canadian Revenue Agency, disputing the agency’s proposed adjustments of multiple taxation years.

The agency proposed a reassessment of Gold Reserve’s 2014, 2016, 2017, and 2018 taxation years that would include, among other amounts, the September arbitral award and certain payments made under a settlement agreement with the Bolivian Republic of Venezuela.

Gold Reserve’s response argues that many of the proposed adjustments were brought after the expiration of the reassessment period established by the Canadian Income Tax Act and “shows the basis for the proposed adjustments to be wrong in fact and in law.”

Gold Reserve’s executive leadership contends that the company has filed its tax returns accurately and in compliance with Canadian law, and that it intends to “vigorously defend its tax filing position.”

As of September, the mining company’s executive and administrative office was still located in Spokane. The company did not immediately respond to an inquiry from the Journal regarding its Spokane presence.

In September, the company, formerly called Gold Reserve Inc., completed its continuance to Bermuda from the Canadian Province of Alberta.