INSIDER TRADING — Arequipa directors exercised options and sold shares in first quarter

Directors of Arequipa Resources (TSE) exercised options and sold shares during the early part of the year, according to the Ontario Securities Commission’s record of insider trading.

Catherine McLeod, director and senior officer, exercised 65,000 options at 84 cents and acquired 150,000 options at $1.83 to hold 385,000. She also sold 67,000 shares at prices varying from $1.60 to $5 to hold 330,000.

Mark Jones, director, acquired 60,000 options at $1.83 to hold 150,000, and exercised 90,000 at 84 cents to hold 60,000. He sold 90,000 shares at prices from $4.75 to $7.25 to hold no shares. Chet Idzisek, director, bought 34,900 shares at prices from $3.15 to $5.75 and sold 89,800 shares at prices from $6.37 to $6.75 to hold 80,000 shares. Anthony Petrina, director, sold 50,000 shares at $6.50 to hold no shares.

Among other transactions recorded since the beginning of the year, the OSC notes the following:

n Agnico-Eagle Mines (TSE) — Mikey Drutz, director, exercised 1,800 options at $5.28 and 1,600 options at $4.95, and sold 3,400 shares at $21.63 to hold 600 shares. James Nasso, director, exercised 9,000 options at $4.95 and 1,800 at $5.28 and sold 10,800 shares at prices from $20.33 to $20.63 to hold 100 shares. George Pon, director, sold 3,700 shares at $19 to hold no shares.

n Barrick Gold (TSE) — Alex Davidson, senior officer, exercised 10,000 options at $30.12 to hold 90,000. Robert Smith, director and senior officer, was granted 100,000 options, exercised 100,000 options at $14.25, and sold 100,000 shares at $39.09 to hold 15,360 shares.

n Birim Goldfields (TSE) — Denis Simoneau, director and senior officer, exercised 25,000 options at 50 cents to hold 175,000 options and sold 25,000 shares at $2.50 to hold no shares.

n Bolivar Goldfields (TSE) — Mauro Coppola, director and senior officer, acquired 100,000 options at 82 cents to hold 250,000. Stephen Dattels, director, acquired 300,000 options at 82 cents to hold 300,000.

n Dayton Mining (TSE) — Michael Korenberg, director, bought 20,000 shares at $5.25 to hold 20,000. Kamel Lazaar, director, exercised 15,000 options at $1.80 to hold 90,000, and sold 6,000 shares at $5.25 to hold 56,000.

n Goldstake Explorations (TSE) — Robert Cleaver, director and senior officer, exercised 510,500 options at 17 cents and bought 66,500 shares at 75 cents. He sold 559,834 shares at prices from 73 cents to $1.90 to hold 1.9 million shares.

n Greater Lenora Resources (TSE) — Robert Kasner, director and senior officer, bought 5,000 shares at $2 and 10,000 at $1.85 to hold 326,878.

n Misty Mountain Gold (TSE) — David Copeland, director, exercised 10,000 options at 47 cents, and sold 10,000 shares at $3.75. He also sold 22,122 shares at 64 cents to hold 96,972 shares.

n Pan American Silver (TSE) — John Wright, director and senior officer, exercised 15,000 options at 26 cents to hold 330,000 options. He sold 15,000 shares at prices between $10.94 and $11.05 to hold 150,000 shares.

n Redstone Resources (TSE) — Pierre Lassonde, director and senior officer, exercised 50,000 options at $2.50 and sold 50,000 shares at $4.05 to hold 200,100 shares. David Harquail, director and senior officer, exercised 85,000 options at $2.50 and $3.35 and bought 500 shares at $4.05; he sold 86,000 shares at $4.05 and 200,000 shares pursuant to the takeover of Redstone at 5 cents.

n Silver Standard Resources (TSE) — Alexander Ritchie, director, sold 20,000 shares at prices ranging from $7.28 to $8.50 to hold 50,000 shares. Linda Sue, senior officer, exercised 5,000 options at $3.14 and sold 5,000 shares at $7 to $7.12 to hold no shares.

n Trillion Resources (TSE) — Jens Hansen, director and senior officer, sold 41,200 shares at prices between $4.30 and $4.55 to hold 605,631 shares.