INSIDER TRADING — Viceroy insiders offload stock

Insiders of Viceroy Resources (TSE) offloaded some of their holdings in February, when the stock was trading close to its 52-week high of $7.

According the Ontario Securities Commission’s OSC Bulletin, Treasurer Nosh Vellani exercised 13,100 options at $4 and sold 13,100 shares at $6.13-6.70 to hold none. Senior Vice-president John Mitchell sold 1,900 shares at $6-7 to hold 2,100.

In March, Viceroy completed a private placement of 3.5 million special warrants, priced at $6.50 each, for proceeds of $22.8 million. The company plans to use some of the funds to continue constructing a grinding circuit at its 75% owned Castle Mountain gold mine in California.

Castle Mountain produced 51,291 oz. gold at an average cash cost of US$206 per oz. during its first six months.

Other transactions since January include:

American Barrick Resources (TSE) — Brian Meikle, officer, exercised 60,000 options at $7.53 and sold 45,000 shares at $21.38-21.50 to hold 25,080. Kenneth Thomas, officer, exercised 50,000 options at $7.53 and sold 50,000 shares at $21.50 to hold 7,600 directly and 2,400 indirectly. Black Hawk Mining (TSE) — Leslie Gord, director, bought 50,000 at 20 cents to hold 50,000.

Consolidated Ramrod Gold (TSE) — John Stypula, director, bought 4,100 at $3.15-3.20 and sold 12,000 at $3.40-3.50 to hold 430,210.

Garden Lake Resources (VSE) — Donald Rankin, officer, sold 25,000 at 94 cents to hold 766,501.

Platinova Resources (TSE) — Grenville Thomas, director, sold 504,500 at 65-73 cents to hold 1.18 million shares indirectly.

Queenstake Resources (TSE) — Gordon Gutrath, officer, exercised 100,000 options at $3.15 and sold 100,000 shares on the market at $3-3.15 and 100,000 shares privately at 10 cents to hold 1.27 million.

Redstone Resources (TSE) — David Harquail, officer, sold 11,125 at $5 to hold 200,000.