Aur director earns profit from sale of company stake

On the same day, the OSC report shows, he gained a profit of $281,000 by selling 50,000 shares at $10 each.

Thibodeau still holds 61,667 Aur shares which, if sold recently would have fetched $578,436 at $9.38 each.

Other mining executives who were active in the stock market during the summer include:

Alan Hill, vice-president of American Barrick Resources (TSE), who sold 19,400 shares at prices ranging from $29.87 to $30.87. Gregory Wilkins, Barrick’s vice – president and comptroller, who sold 13,600 shares for between $30.50 and $31.1 2. Robert Wickham, Barrick’s treasurer, who sold 5,200 shares at $30.75.

Jean Bailly, vice-president of Audrey Resources (TSE), who purchased 5,000 Audrey shares for $2.70 and then sold all of those shares for $3.75 eac h.

Societe Miniere Louvem’s (TSE) Chairman Pierre Gauthier, who exercised an option to purchase 61,000 shares at $4.35 each. He then sold all of tho se shares at $4.40 each. Three weeks later, according to the OSC Bulletin, Gauthier bought 42 5,000 Louvem shares for $2.14 each.

Noranda Inc.’s (TSE) Chairman Alfred Powis, who bought 25,000 Noranda shares at $20.70 each. At the end of August, Powis held 233,895 Noranda shares which at presstime would have fetched over $5.9 million.

President Leon La Prairie of Vedron Ltd. (TSE), who bought 7,500 shares for 21-34 cents . He sold another 5,000 shares for 28-40 cents .

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