Insider Trading — Nuinsco insiders opt to cash in

Two insiders with Nuinsco Resources (TSE) sold options or shares of the company during October.

According to the Ontario Securities Commission’s OSC Bulletin, Margaret Archibald, a deemed insider, sold 35,963 shares at $1.50-$1.82 to hold 204,064 shares. In addition, John McQuat, director, exercised options and acquired 250,000 options at 56 cents and sold 250,000 options at $1.30 to hold no options. Other recent transactions include:

* Aur Resources (TSE) — Martin Lepage, director, exercised options and acquired 75,000 shares at $3.30 to hold 76,433 shares. He was also granted 100,000 options at $4.35 to hold 200,000 options.

* Band-Ore Resources (CDN) — David Diltz, director and senior officer, sold 20,000 shares at 95 cents-$1.05 to hold 126,000 shares indirectly. He also sold 75,000 options at 94 cents to hold 201,000 options indirectly.

* Diadem Resources (ME) — Derek Bartlett, director, exercised options and bought 100,000 shares at 40 cents to hold 100,000 shares. Margaret Bartlett, director, sold 22,000 shares at $2.80-$3.10 and bought or acquired through exercise of warrants 26,000 shares at 30 cents-$1.60 to hold 24,000 shares.

* Echo Bay Mines (TSE) — John Azlant, senior officer, bought 6,000 shares at US$9.81 to hold 11,000 shares. Richard Krause, director and senior officer, bought 10,000 shares at US$9.81 to hold 65,194 shares. Richard Styles, director, bought 1,000 shares at $12.38 to hold 2,000 shares.

* Ecuadorian Minerals (TSE) — Barry Rayment, director, exercised warrants and acquired 25,000 shares at $1.25. He later sold 25,000 shares at $1.35-$1.37 to hold 50,000 shares and no warrants.

* Fairfield Minerals (TSE) — Jeffrey Rowe, a deemed insider, exercised options and acquired 30,000 shares at $1.10 and sold 23,000 shares at $2.70-$2.80 to hold 7,000 shares and 145,000 options.

* Greenstone Resources (TSE) — Ian Park, director, sold 103,900 shares at $3.30-$3.40 and exercised options to acquire 100,000 shares at $2.05-$2.60 to hold 203,483 shares. In addition, he was granted 100,000 options at $3.30 to hold 150,000 options.

* Laramide Resources (TSE) — C. Von Hessert, director and senior officer, who owns more than 10% of the corporation, acquired 53,000 shares at 70 cents-82 cents to hold 1.4 million shares.

* Vedron Gold (VSE) — Thomas Meredith, director, sold 14,000 shares at 72 cents and bought 8,500 shares at 68 cents-70 cents to hold 269,738 shares. G.D. Towers, director, sold 25,000 shares at 70 cents-73 cents and acquired 175,000 shares at 20 cents-25 cents to hold 150,000 shares.


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