MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks

Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report its trades because it owns more than 10% of the company, bought 576,700 shares at 69-88 cents to hold 17.3 million shares.

Other insider trading reported in the Ontario Securities Commission’s OSC Bulletin include the following:

* Aber Resources (ABZ-T) — D.G. Thomas, director, through 563100 B.C. Ltd., sold 30,000 shares at $13 to hold 550,000 shares through the company and 157,231 shares directly.

* Aurcana (AUC-A) — R.K. Netolitzky, director, bought 650,000 shares and 650,000 warrants privately at 15 cents to hold 3.35 million shares and 2 million warrants.

* B.Y.G. Natural Resources (BYG-T) — A.G. Thompson, director, sold 100,500 shares at 21 cents to hold 962,333 shares directly, 1.67 million shares indirectly, and 200,000 shares through his spouse.

* Comaplex Resources (CMF-T) — Comstate Resources, owner of more than 10% of the company, bought 8,200 shares at $1.75 to hold 14.24 million shares.

* Etruscan Resources (EET-T) — Roberston Stephens Investment Management, owner of more than 10% of the company, sold 22,000 shares at US$2.45-2.60 to hold 5.84 million shares.

* Glamis Gold (GLG-T) — C.F. Millar, director, bought 20,900 shares at US$3.44-3.88 to hold 386,500 shares.

* Golden Knight Resources (GRK-T) — R.A. Quartermain, director, bought 62,000 shares at 85 cents-$1.25 to hold 235,000 shares.

* Lyndex Explorations (LYDX-C) — D.R. Bell, director, sold 180,000 shares at 12-14 cents to hold 442,700 shares.

* Metalore Resources (MET-T) — G.W. Chilian, an owner of more than 10% of the shares, bought 3,700 shares at $8.00-8.95 through Southern Ontario Natural Gas to hold 242,858 shares through Southern Ontario, 50,000 shares in trust for children, and 307,650 shares directly.

* Mustang Gold (MUST-C) — R.E. Dunbar, director, through 1222989 Ontario Ltd., exercised 58,500 options at 25 cents and sold 58,500 shares at 27-31 cents to hold 670,000 shares. K.J. Lapierre, director, exercised 96,250 options at 25 cents and sold 96,250 shares at 31-32 cents to hold 670,000 shares.

* NAR Resources (NRL-M) — S.G. Hawkins, director, bought 8,300 shares at $3.75-4 and sold 5,000 shares at $4.15-4.90 to hold 583,588 shares. L.J. Taylor, director, bought 10,800 shares at $4.10-4.35 to hold 443,600 shares.

* Novicourt (NOV-T) — Jean Depatie, director, sold 14,000 shares at $4.40 to hold 1,000 shares.

* Pan American Silver (PAA-T) — John Wright, director, exercised 12,500 options at 26 cents and sold 16,000 shares at $12.12-12.45 to hold 79,710 shares and 297,500 options.

* Rio Algom (ROM-T) — J.D. Wallace, director, bought 5,150 shares (150 through an acquisition plan) at $21.50-26.90, to hold 10,150 shares.

* Tandem Resources (TDM-M) — S.G. Hawkins, director, bought 99,000 shares at 33-42 cents and sold 10,000 shares at 45 cents to hold 3.13 million shares.

* Western Copper Holdings (WTC-T) — Lee Bilheimer, director, exercised 15,000 options at $1.50 and sold 15,000 shares at $9-9.80 to hold no shares and no options.

Print


 

Republish this article

Be the first to comment on "MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close