INSIDER TRADING (July 29, 1991)

Nell Dragovan, the woman who helped to secure International Corona’s (TSE) position in the Hemlo, Ont., gold camp, was recently an active seller of Prime Equities (VSE) shares.

A director of a number of companies in the Prime Equities group, Dragovan was granted the right to buy 200,000 Prime options for $1, according to the Ontario Securities Commission’s OSC Bulletin. She also sold 19,500 shares for 68-69 cents to hold 433,000 directly and 31,500 shares indirectly. Headed by Chairman Murray Pezim and President Chet Idziszek (Dragovan’s husband), Prime Equities has about $2.5 million in cash and a host of exploration companies acquired from Prime Resources (VSE).

Other mining insiders who were active in the stock market recently include: Aber Resources (TSE) director Victor Burstall (of Highwood Resources (TSE) which owns 25%) sold 10,000 shares for $1.27 to hold 20,000 shares. Dayton Developments (VSE) director Wayne McClay boutght 6,000 shares for $1.88 to hold 6,000 in a children’s trust. He also holds 1.3 million shares directly and 4.2 million indirectly.

Deak Resources (TSE) officer of affiliate Frank Smeenk bought 29,550 shares privately for 42 cents. He also sold 15,000 shares indirectly for 28 cents to hold 2.5 million.

Inco (TSE) bought 700 of its own series B preferred shares for $21.25 to hold 975,000. John Roche, deemed insider, exercised an option to buy 1,000 common shares for US$30 which he then sold for $35.50.

Minerex Resources (TSE) affiliate Canada Tungsten Mining (TSE), which owns 44%, bought 36,500 shares for 40-47 cents to hold 5.6 million.