INSIDER TRADING — Jennings sells Aber shares

A director of Aber Resources (TSE) was a seller recently of some of the company’s shares.

According to the Ontario Securities Commission’s OSC Bulletin, on Nov. 13, the day after the Aber-Commonwealth-SouthernEra joint venture dazzled investors by announcing the recovery of “canary yellow” microdiamonds from a kimberlite pipe on their Tenby claims in the Northwest Territories, director Christopher Jennings sold 33,500 Aber shares at $2.25 to hold 216,000. Several days later, the partnership revealed that the yellow stones were actually synthetic diamonds loosened from the drill bit. Shares of all the major players softened, with Aber dropping as low as $2 before recovering somewhat. Aber shares were recently trading in the $2.70 range. Jennings also serves as president of SouthernEra Resources (TSE).

In other recent transactions:

American Barrick Resources (TSE) — Andre Falzon, officer, exercised 3,000 options at $15.06 and sold 3,000 shares at $38 to hold 200.

Cornucopia Resources (TSE) — Karyn Bachert, officer, exercised 25,000 options at 37 cents and sold 25,000 shares at 87 cents to hold none. Echo Bay Mines (TSE) — Peter Clarke, senior vice-president, bought 2,000 at $5.75 to hold 13,000 directly and indirectly.

Golden Star Resources (TSE) — Eric Friedland, director, sold 10,000 at $6.50 to hold 45,712. David Fennell, president, bought 123,616 privately at $1.62 to hold 507,672.

Inco (TSE) — Michael Sopko, chairman, sold 2,891 at $26.88 to hold 1,914. Scott Hand, president, sold 4,594 at US$20.37-22 to hold 10,407. Anthony Sabatino, officer, sold 1,700 at US$21.37 to hold 121.

SouthernEra Resources (TSE) — Earl Curry, director, exercised 100,000 options at 10 cents and sold 30,000 at $1.85-2.05 to hold 170,000. Robert Gannicott, director, exercised 150,000 options at 10 cents and sold 100,000 privately at $2.80 to hold 400,000.

Tyler Resources (TSE) — New Indigo Resources, major shareholder, sold 200,000 at 47-54 cents to hold 600,000.