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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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SCHEDULE 13D/A 0001140361-21-040853 0001516478 XXXXXXXX LIVE 11 Class A common shares, no par value per share 03/21/2025 true 0001072725 38068N108 Gold Reserve Ltd. ROSEBANK CENTRE, 5TH FLOOR 11 BERMUDIANA ROAD PEMBROKE D0 HM 08 ERIC SHAHINIAN 914-629-8496 CAMAC PARTNERS, LLC 350 PARK AVENUE, 13TH FLOOR NEW YORK NY 10022 0001867496 N Camac Partners, LLC AF N DE 0.00 20105283.00 0.00 20105283.00 20105283.00 N 17.8 OO 0001867498 N Camac Capital, LLC AF N DE 0.00 20105283.00 0.00 20105283.00 20105283.00 N 17.8 OO 0001516478 N Camac Fund, LP WC N DE 0.00 10589030.00 0.00 10589030.00 10589030.00 N 9.4 PN 0001616547 N Camac Fund II, LP WC N DE 0.00 9516253.00 0.00 9516253.00 9516253.00 N 8.4 PN 0001790877 N Eric Shahinian AF N X1 0.00 20105283.00 0.00 20105283.00 20105283.00 N 17.8 IN Class A common shares, no par value per share Gold Reserve Ltd. ROSEBANK CENTRE, 5TH FLOOR 11 BERMUDIANA ROAD PEMBROKE D0 HM 08 This Amendment No. 11 (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, December 18, 2023, January 17th, 2024, February 27, 2024, May 7th, 2024 and October 2, 2024 by the Reporting Persons with respect to the Class A common shares, no par value per share (the "Shares") of Gold Reserve Ltd. (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 Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated, or superseded by information contained in this Amendment.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. 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 10,589,030 Shares beneficially owned by Camac Fund is approximately $19,655,584, including brokerage commissions. The aggregate purchase price of the 9,516,253 Shares beneficially owned by Camac Fund II is approximately $19,112,619 including brokerage commissions. The aggregate percentage of Shares reported owned by each person named herein is upon the 113,037,414 Shares outstanding as of September 30, 2024, as reported by the Company on its Form 6-K filed with the Securities and Exchange Commission (the "SEC") on November 27, 2024. As of the date hereof, Camac Fund beneficially owned 10,589,030 Shares, constituting approximately 9.4% of the Shares outstanding. As of the date hereof, Camac Fund II beneficially owned 9,516,253 Shares, constituting approximately 8.4% of the Shares outstanding. Camac Partners, as investment manager of Camac Fund and Camac Fund II, may be deemed to beneficially own the 20,105,283 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 17.8% 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 20,105,283 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 17.8% of the Shares outstanding. Mr. Shahinian, as the manager of Camac Capital, may be deemed to beneficially own the 20,105,283 Shares owned in the aggregate by Camac Fund and Camac Fund II, constituting approximately 17.8% of the Shares outstanding. 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. Schedule A annexed hereto lists all transactions in securities of the Issuer by the Reporting Persons during the past 60 days. 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. Not applicable. Camac Partners, LLC /s/ Camac Capital, LLC, its Managing Member 03/25/2025 /s/ Eric Shahinian Eric Shahinian Manager 03/25/2025 Camac Capital, LLC /s/ Eric Shahinian Eric Shahinian Manager 03/25/2025 Camac Fund, LP /s/ Camac Capital, LLC its general partner 03/25/2025 /s/ Eric Shahinian Eric Shahinian Manager 03/25/2025 Camac Fund II, LP /s/ Camac Capital, LLC its general partner 03/25/2025 /s/ Eric Shahinian Eric Shahinian Manager 03/25/2025 Eric Shahinian /s/ Eric Shahinian Eric Shahinian 03/25/2025