Black Swan, Canadian Zinc execs tap treasuries

Recent insider trading transactions reported by the Ontario Securities Commission include the following:

– Black Swan Resources (BSW-T) — Stephen Fabian, director, sold 268,884 shares privately and indirectly at 17 apiece and bought 648,484 treasury shares at 17 to hold 1.68 million shares indirectly; Francis Johnstone, who must report his trading activities by virtue of owning more than 10% of the company, sold 268,884 shares privately and indirectly at 17 and bought 3.04 million treasury shares directly at 17 to hold 731,116 shares indirectly and 9.2 million shares directly; and Hamilton Capital Partners, owner of more than 10% of the company, privately sold 2.84 million shares at 17 to hold 6.16 million shares directly.

– Canadian Zinc (CZN-T) — John Kearney, director, indirectly bought 1 million treasury shares at 15 and was granted an equivalent number of warrants to hold that same number of shares and warrants indirectly.

– Corner Bay Silver (BAY-T) — Michel Blouin, director, was granted 50,000 options, which can be converted into shares at $1.80 apiece, to hold that same number of options; and Steven Brunelle, director, sold 17,000 shares at $2.63 or $2.90 to hold 362,509 shares.

– Etruscan Resources (EET-T) — Gerald McConnell, director, bought 203,900 shares directly or privately at 63-70, sold 18,000 shares directly at 61 and another 77,900 shares privately and indirectly at 70 or 71 to hold 2.04 million shares directly and 600,266 shares indirectly.

– First Point Minerals (FPX-V) — William Myckatyn, director, sold 80,000 shares at 17 to hold 556 shares.

– Gammon Lake Resources (GAM-T) — Bradley Langille, director, bought 172,500 shares indirectly at 80-95 and sold 231,500 shares indirectly at 80-88 to hold 1.37 million shares indirectly.

– Holmer Gold Mines (HGM-T) — Kasi Raman, director, exercised 500,000 options at 10 and sold 200,000 shares directly or privately at 10 or 13 to hold 1 million shares and an unspecified number of options; and Edward Svoboda, director, exercised 300,000 options at 10 and sold 100,000 shares privately at 10 to hold 660,500 shares and an unspecified number of options.

– North American Palladium (PDL-T) — Richard Sutcliffe, director, sold 2,000 shares at $9.25 and was granted 7,500 options, for which no exercise price is specified, to hold 6,000 shares and 7,500 options.

– Wolfden Resources (YWO-V) — John Pollock, director, sold 50,000 shares at 30 or 40 and bought 75,000 shares privately at 20 to hold 75,000 shares; Ewan Downie, a director, and owner of more than 10%, exercised 175,000 options at 20, bought 15,000 shares at 37 or 39 and sold 250,000 shares privately at 20 to hold 2.07 million shares and an unspecified number of options; and Iain Downie, owner of more than 10% and a director, exercised 75,000 options at 20 to hold 481,488 shares and an unspecified number of options.