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Gold Reserve shareholder West Face reports purchase of 621,068 shares
By Lisa Kerner
Charlotte, N.C., Nov. 4 - Gold Reserve Inc. shareholders led by West Face Capital Inc. upped their interest in the company to 13.3% from 12.3% with the purchase of 621,068 shares on Nov. 2 and Nov. 3 at prices from $1.11 to $1.37 per share, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.
Between Sept. 29 and Oct. 16, the investors bought 2,600,417 shares, a prior SEC filing said.
West Face beneficially owns 7,876,922 shares of the Spokane, Wash., mining company.
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