Gold Reserve affiliate submits bid in Citgo parent's auction

HOUSTON, June 3 (Reuters) - An affiliate of miner Gold Reserve GRZ.V has submitted a bid during the topping period of a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, the company said on Tuesday.

Following the court's selection of a $3.7 billion offer as starting bid this year, companies can submit improved bids during the topping period through June 18, according to the Delaware court's calendar. A winner of the auction will be recommended by June 27.