President Buys - Up to $750,000 of Stock

From Stockwatch:
Grenville Gold 1,733,333-share private placement

2008-01-31 16:48 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 18, 2008.

Number of shares: 1,733,333 shares

Purchase price: 30 cents per share

Warrants: 1,733,333 share purchase warrants to purchase 1,733,333 shares

Warrant exercise price: 45 cents for a one-year period

Hidden placees: Four hidden placees participated

Insider: Amrit Paul S. Gill, one million
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Grenville Gold's Management are very large shareholders of the company and they continue to BUY, currently:

- Chairman Len de Melt owns 4,053,613 shares, 638,887 options and 240,000 warrants
($1,558,391.49 spent on common shares at an average cost of $0.384/share).

- President and CEO Paul Gill now owns 2,776,000 shares and 825,000 options and 1,000,000 warrants
($1,230,445 spent on common shares at an average cost of $0.443/share).

Combined they spent $2,788,836.40 for 6,829,613 shares (at an average cost of $0.408/share)!

On a fully diluted basis Paul Gill and Len de Melt own 9,533,500 shares or 23.4% of the company (40,676,142 shares - as of January 18, 2008).

N.B., from 2008-01-18 News Release: All securities issued under the private placement will be subject to a four-month hold period from the date of issue.

Disclaimer: I tabulated the data myself from sedi.ca and Stockwatch.

I_Luv_GVG