One of the founders of Golden Knight Resources (TSE) and promoter of the Casa Berardi gold find, Bruce McDonald, has sold most of his remaining shares of the junior.
In its OSC Bulletin, the Ontario Securities Commission reports that McDonald, now a director, sold 27,800 shares of Golden Knight at $6.75 through IB-Mactrading Inc. He still holds 400 directly.
Golden Knight has a 40% interest in the Casa Berardi mines that it helped explore and develop in the 1980s. They produced 80,000 oz. gold in 1992, down from a record 119,000 oz. in 1991, following a 3-month shutdown at the Casa Berardi East mine.
Days after the Golden Knight sale, McDonald bought 204,500 shares of Gothic Resources (ME) at 39-40 cents to hold 470,321 indirectly. Gothic holds several exploration properties in Ontario and Quebec.
Other transactions since January include:
El Condor Resources (TSE) — Douglas Forster, officer, sold 15,000 at $3.20-3.25 to hold 573,700.
Etruscan Enterprises (VSE) — Angus MacIsaac, officer and holder of more than 10%, was granted 333,000, bought 9,000 at $1-1.70 and sold 30,000 at $1.25 to hold 369,300 directly and 8,000 indirectly.
Exall Resources (TSE) — William Cooke, director, bought 30,514 privately at $1.15 to hold 143,235 indirectly.
Freewest Resources (TSE) — George Bryson, director, sold 20,000 at $2.57 to hold 100,000. Hemlo Gold Mines bought 109,578 at $2.11 to hold 1.88 million. Glamis Gold (TSE) — Allen Rovig, president, exercised 100,000 options at $4.40 and sold 100,000 shares at $5.73 to hold 20,000.
Habsburg Resources (ME) — Clifford James, director, bought 200,000 at 20 cents to hold 200,000.
Potash Corp. of Saskatchewan (TSE) — Donald Phillips, director, bought 1,000 at $19.63 to hold 1,000.
Prime Equities International (VSE) — Basil Pantages, director, bought 2,500 at $2.65 and sold 3,500 at $2-2.40 to hold 2,000.
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