INSIDER TRADING — Cornucopia execs exercise options

Since December 1995, several senior officers of Cornucopia Resources (TSE) exercised options and acquired shares, which were later sold.

According to the Ontario Securities Commission’s OSC Bulletin, David Jennings, director and senior officer, exercised options and acquired 40,000 shares at 87 CENTS and later sold 40,000 shares at US$1.21 to hold no shares and 160,000 options. Karyn Bachert, senior officer, disposed of 25,000 options at $2.80 and later was granted 25,000 options at $1.69 to hold 35,000 options. Debbie Barfurth-Wood, senior officer, disposed of 15,000 options at $2.57 and was later granted 15,000 options at $1.69 to hold 35,000 options. Sargent Berner, director, exercised options and acquired 60,000 shares at 87 CENTS and sold 60,000 shares at $1.70-$1.85 to hold no shares.

Other transactions reported since December include the following: n Baja Gold (TSE) — Paul Saxton, director and senior officer, was granted 25,000 options at $1.70 to hold 195,000 options.

n Band-Ore Resources (CDN) — Robert Duess, director and senior officer, acquired 20,000 shares at 20 CENTS to hold 251,300 shares. Robert Durham, director, acquired 70,000 shares at 52 CENTS-60 CENTS to hold 207,500 shares.

n Cameco (TSE) — Thomas Gorman, senior officer, exercised options and acquired 4,500 shares at $27.50. He was also granted an additional 4,500 options to hold 33,000 options and 17,000 shares.

n Consolidated Abitibi Resources (ME) — James Gill, acquired 434,783 shares at 46 CENTS to hold 679,352 shares.

n Echo Bay Mines (TSE) — Robert Armstrong, senior officer, exercised options and acquired 16,000 shares at $5.75-$6.75 and sold 10,800 shares at US$11.38 to hold 27,944 shares and 310,722 options. Peter Clarke, director, exercised options and acquired 83,000 shares at $9.75-$14.88 and sold 73,000 shares at $16.75 to hold 28,500 shares.

n Geomaque Explorations (TSE) — Norman Paterson, director, exercised options and acquired 20,000 shares at 60 CENTS and sold 10,000 shares at $2.11 to hold 13,000 shares and 130,000 options.

n Placer Dome (TSE) — David Smith, director and senior officer of an affiliate, exercised options and acquired 1,333 shares at $25 and sold 1,333 shares at $38 to hold no shares and 9,317 options.