INSIDER TRADING (December 02, 1991)

Robert Hallbauer, president of Vancouver-based resource giant Cominco (TSE), recently earned a paper profit of about $215,000 by exercising stock options.

In October, according to the Ontario Securities Commission OSC Bulletin, Hallbauer exercised options on 25,000 shares at $13.37 each before selling all of them for $21-23.37 to hold 1,000. Cominco shares were trading recently at $23.38 in a 52-week range of $20.25-25.75.

Other mining insiders who were active in the stock market recently include: American Barrick Resources (TSE) director Angus MacNaughton sold 25,000 shares for US$25.12 to hold the same number.

Atlanta Gold (TSE) director Karl Rollke sold 15,000 shares for 98 cents-$1.04 to hold 380,400.

Carlin Gold (ASE) officer William Long bought 300,000 privately for 40 cents and sold 260,000 for the same price to hold 601,375.

Inco (TSE) officer Scott Hand exercised an option on 1,271 shares at US$10.48 before selling 750 for US$32.50 to hold 12,275.

Minera Rayrock (TSE) affiliate Rayrock Yellowknife Resources (TSE) bought 65,217 series E preferred shares for $11.50 to hold 65,217. Rayrock also bought 112,782 series F preferreds for $6.65 to hold 112,782. Ontex Resources (ASE) insider Marilena Fuda sold 53,300 shares for $1.51 to hold 546,700.

Rea Gold (TSE) President Larry Reaugh bought 101,000 shares for 55-65 cents and sold 35,000 for 50 cents to hold 265,550. He was also granted an option to buy 100,000 warrants for $1.05 to hold the same number.

Sherritt Gordon (TSE) investor, the Ontario Municipal Employees Retirement Board (OMERS), which owns more than 10%, bought 444,232 shares for $6.94-$7 to hold 3.7 million.