Filing Details

Accession Number:
0001493152-24-002811
Form Type:
13D Filing
Publication Date:
2024-01-17 19:00:00
Filed By:
Camac Fund, Lp
Company:
Gold Reserve Inc (TSE:GRZ)
Filing Date:
2024-01-18
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Camac Partners 0 16,092,603 0 16,092,603 16,092,603 16.2%
Camac Capital 0 16,092,603 0 16,092,603 16,092,603 16.2%
Camac Fund 0 8,582,794 0 8,582,794 8,582,794 8.6%
Camac Fund II 0 7,509,809 0 7,509,809 7,509,809 7.5%
Eric Shahinian 0 16,092,603 0 16,092,603 16,092,603 16.2%
Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

(Amendment No. 7)

 

Under the Securities Exchange Act of 1934

 

Gold Reserve Inc.

 

(Name of Issuer)

 

Class A common shares, no par value per share

 

(Title of Class of Securities)

 

38068N108

 

(CUSIP Number)

 

Eric Shahinian

Camac Partners, LLC

350 Park Avenue, 13th Floor

New York, NY 10022

914-629-8496

 

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

 

1/16/2024

 

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☒

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 
 

 

1   NAMES OF REPORTING PERSONS
   

 

Camac Partners, LLC

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   

 

(a) ☐

    (b) ☐
3   SEC USE ONLY
   

 

 

4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   

 

AF

5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   

 

6   CITIZENSHIP OR PLACE OF ORGANIZATION
   

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7   SOLE VOTING POWER
   

 

0

8   SHARED VOTING POWER
   

 

16,092,603

9   SOLE DISPOSITIVE POWER
   

 

0

10   SHARED DISPOSITIVE POWER
   

 

16,092,603

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   

 

16,092,603

12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   

 

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   

 

16.2%

14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   

 

OO

 

 
 

 

1   NAMES OF REPORTING PERSONS
   

 

Camac Capital, LLC

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   

 

(a) ☐

    (b) ☐
3   SEC USE ONLY
   

 

 

4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   

 

AF

5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   

 

6   CITIZENSHIP OR PLACE OF ORGANIZATION
   

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7   SOLE VOTING POWER
   

 

0

8   SHARED VOTING POWER
   

 

16,092,603

9   SOLE DISPOSITIVE POWER
   

 

0

10   SHARED DISPOSITIVE POWER
   

 

16,092,603

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   

 

16,092,603

12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   

 

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   

 

16.2%

14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   

 

OO

 

 
 

 

1   NAMES OF REPORTING PERSONS
   

 

Camac Fund, LP

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   

 

(a) ☐

    (b) ☐
3   SEC USE ONLY
   

 

 

4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   

 

WC

5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   

 

6   CITIZENSHIP OR PLACE OF ORGANIZATION
   

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7   SOLE VOTING POWER
   

 

0

8   SHARED VOTING POWER
   

 

8,582,794

9   SOLE DISPOSITIVE POWER
   

 

0

10   SHARED DISPOSITIVE POWER
   

 

8,582,794

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   

 

8,582,794

12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   

 

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   

 

8.6%

14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   

 

PN

 

 
 

 

1   NAMES OF REPORTING PERSONS
   

 

Camac Fund II, LP

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   

 

(a) ☐

    (b) ☐
3   SEC USE ONLY
   

 

 

4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   

 

WC

5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   

 

6   CITIZENSHIP OR PLACE OF ORGANIZATION
   

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7   SOLE VOTING POWER
   

 

0

8   SHARED VOTING POWER
   

 

7,509,809

9   SOLE DISPOSITIVE POWER
   

 

0

10   SHARED DISPOSITIVE POWER
   

 

7,509,809

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   

 

7,509,809

12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   

 

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   

 

7.5%

14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   

 

PN

 

 
 

 

1   NAMES OF REPORTING PERSONS
   

 

Eric Shahinian

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   

 

(a) ☐

    (b) ☐
3   SEC USE ONLY
   

 

 

4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   

 

AF

5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   

 

6   CITIZENSHIP OR PLACE OF ORGANIZATION
   

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7   SOLE VOTING POWER
   

 

0

8   SHARED VOTING POWER
   

 

16,092,603

9   SOLE DISPOSITIVE POWER
   

 

0

10   SHARED DISPOSITIVE POWER
   

 

16,092,603

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   

 

16,092,603

12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   

 

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   

 

16.2%

14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   

 

IN

 

 
 

 

This Amendment No. 7 (this “Amendment”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on December 8, 2021 (the “Schedule 13D”) as amended on June 9, 2022, August 15, 2022, October 25, 2022, November 8, 2022, July 27, 2023 and December 18, 2023 by the Reporting Persons with respect to the Class A common shares, no par value per share (the “Shares”) of Gold Reserve Inc. (the “Issuer” or the “Company”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated, or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Schedule 13D. All references in the Schedule 13D and this Amendment to the “Statement” will be deemed to refer to the Schedule 13D as amended and supplemented by this Amendment.

 

Item 3. Source and Amount of Funds or Other Consideration

 

The Shares purchased by Camac Fund and Camac Fund II were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 8,582,794 Shares beneficially owned by Camac Fund is approximately $14,422,343, including brokerage commissions. The aggregate purchase price of the 7,509,809 Shares beneficially owned by Camac Fund II is approximately $13,349,996, including brokerage commissions.

 

Item 5. Interest in Securities of the Issuer

 

(a) The aggregate percentage of Shares reported owned by each person named herein is based upon 99,548,178 Shares outstanding as of September 30, 2023, which is the total number of Shares reported outstanding in Exhibit 99.1 to the Issuer’s Form 6-K filed with the Securities and Exchange Commission on November 27, 2023.

 

As of the date hereof, Camac Fund beneficially owned 8,582,794 Shares, constituting approximately 8.6% of the Shares outstanding.

 

As of the date hereof, Camac Fund II beneficially owned 7,509,809 Shares, constituting approximately 7.5% of the Shares outstanding.

 

Camac Partners, as investment manager of Camac Fund and Camac Fund II, may be deemed to beneficially own the 16,092,603 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 16.2% of the Shares outstanding. Camac Capital, as the managing member of Camac Partners and the general partner of Camac Fund and Camac Fund II, may be deemed to beneficially own the 16,092,603 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 16.2% of the Shares outstanding. Mr. Shahinian, as the manager of Camac Capital, may be deemed to beneficially own the 16,092,603 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 16.2% of the Shares outstanding.

 

(b) By virtue of their respective positions with Camac Fund, each of Camac Partners, Camac Capital, and Mr. Shahinian may be deemed to have shared power to vote and dispose of the Shares reported owned by Camac Fund.

 

By virtue of their respective positions with Camac Fund II, each of Camac Partners, Camac Capital, and Mr. Shahinian may be deemed to have shared power to vote and dispose of the Shares reported owned by Camac Fund II.

 

(c) Schedule A annexed hereto lists all transactions in securities of the Issuer by the Reporting Persons during the past 60 days.

 

(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

 

(e) Not applicable.

 

 
 

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 17, 2024

 

Camac Partners, LLC  
     
By: Camac Capital, LLC,  
its Managing Member  
     
By: /s/ Eric Shahinian  
Eric Shahinian  
Manager  
     
Camac Capital, LLC  
     
By: /s/ Eric Shahinian  
Eric Shahinian  
Manager  
     
By: /s/ Eric Shahinian  
Eric Shahinian  
     
Camac Fund, LP  
     
By: Camac Capital, LLC,  
its general partner  
     
By: /s/ Eric Shahinian  
Eric Shahinian  
Manager  
     
Camac Fund II, LP  
     
By: Camac Capital, LLC,  
its general partner  
     
By: /s/ Eric Shahinian  
Eric Shahinian  
Manager  

 

 
 

 

SCHEDULE A

 

Transactions in the Shares by the Reporting Persons During the Past 60 Days

 

Date of

Purchase

 

Shares

Purchased

 

Price Per

Share ($USD)1

   CAMAC FUND LP   
01/05/2024  14,000  2.6500
01/10/2024  1,640  2.8500
  01/10/2024*  2,210  2.8358 (CAD 3.763)
01/16/2024  18,000  2.9100
01/17/2024  10,000  2.8500

 

Date of

Purchase

 

Shares

Purchased

 

Price Per

Share ($USD)1

    CAMAC FUND II, LP   
12/22/2023   1,300  2.4907 (CAD 3.253)
12/28/2023   100,000  2.7100
01/05/2024   36,000  2.6500
01/05/2024   604,000  2.7082
01/09/2024   33,000  2.8412
01/10/2024   14,760  2.8500
  01/10/2024*   19,890  2.8156 (CAD 3.763)
01/16/2024   162,000  2.9100
01/17/2024   90,000  2.8500

 

1.Purchases on 12/22/23 and 1/10/24* were made in Canadian dollars. This purchase was converted to United States dollars using the prevailing conversion rate existing at the time of the purchases and included in the chart as converted to United States dollars. In the table above, the purchase price per share in Canadian dollars is set forth in parentheses next to the United States dollar purchase price per share.