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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Reason for GRZ's climb

Reason for GRZ's climb

posted on Jan 13, 2010 12:10PM

Looks like West Face Capital once again has been buying it up.

RECENT TRANSACTIONS IN THE SECURITIES OF
GOLD RESERVE INC.

A. Transactions for the account of West Face Long Term Opportunities Master Fund L.P.:

Date of Transaction
Nature of Transaction
Number of Shares
Approximate Price per Share
12/17/2009
PURCHASE
54,775 (2)
$5.17
12/23/2009
PURCHASE
16,844 (2)
$5.18
1/4/2010
PURCHASE
42,500
$1.21
1/5/2010
PURCHASE
37,500
$1.34
1/6/2010
PURCHASE
30,700
$1.43
1/6/2010
PURCHASE
27,600
$1.42
1/6/2010
PURCHASE
57,000
$1.46
1/7/2010
PURCHASE
80,400
$1.55

(2) This amount relates to an amount of Shares that the Reporting Person may be entitled to obtain upon the conversion of convertible bonds.

B. Transactions for the account of West Face Long Term Opportunities (USA) Limited Partnership:

Date of Transaction
Nature of Transaction
Number of Shares
Approximate Price per Share
12/17/2009
PURCHASE
31,300 (2)
$5.17
12/23/2009
PURCHASE
9,549 (2)
$5.18
1/4/2010
PURCHASE
24,200
$1.21
1/5/2010
PURCHASE
21,400
$1.34
1/6/2010
PURCHASE
17,400
$1.43
1/6/2010
PURCHASE
15,700
$1.42
1/6/2010
PURCHASE
32,600
$1.46
1/7/2010
PURCHASE
45,900
$1.55
C. Transactions for the account of West Face Long Term Opportunities Limited Partnership:

Date of Transaction
Nature of Transaction
Number of Shares
Approximate Price per Share
12/17/2009
PURCHASE
13,395 (2)
$5.17
12/23/2009
PURCHASE
3,979 (2)
$5.18
1/4/2010
PURCHASE
10,300
$1.21
1/5/2010
PURCHASE
9,100
$1.34
1/6/2010
PURCHASE
7,400
$1.43
1/6/2010
PURCHASE
6,700
$1.42
1/6/2010
PURCHASE
13,900
$1.46
1/7/2010
PURCHASE
19,700
$1.55

(2) This amount relates to an amount of Shares that the Reporting Person may be entitled to obtain upon the conversion of convertible bonds.
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