Iamgold execs cash in options

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

n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,700 shares directly or indirectly.

n Band-Ore Resources (BAN-T) — Thor Eaton, director, bought 47,500 shares indirectly at 37 or 39.1 to hold 415,500 shares indirectly.

n Banro (YBE-V) — Arnold Kondrat, owner of more than 10% of the company, sold 275,000 shares indirectly and privately at $3 to hold 1.01 million shares indirectly.

n Corner Bay Silver (BAY-T) — Steven Brunelle, director, sold 10,000 shares at $3.35 to hold 308,509 shares; John Flanagan, director, exercised 80,000 options at $1.75 or $2.65 apiece and sold 90,000 shares at $4.15-4.20 to hold 100,000 options, 287,000 shares directly and 91,037 shares indirectly.

n Diamond Fields International (DFI-T) — Francis Waldron, director, bought 50,000 shares at US22 to hold 432,643 shares.

n Dumont Nickel (DNI-V) — Denis Clement, director, bought 100,000 shares privately at 15 and was granted 100,000 warrants that can be exercised at 30 apiece to hold 927,500 shares directly, 912,500 shares indirectly and 100,000 warrants.

n First Au Strategies (FAV-V) — Yamana Goldfields, owner of more than 10%, sold 379,000 shares indirectly at 15 to hold 1.58 million shares indirectly.

n First Quantum Minerals (FM-T) — Robert Watts, director, bought 5,000 shares at $3.65 to hold 5,000 shares.

n FNX Mining (FNX-T) — James Ashcroft, director, exercised 25,000 warrants at $1.25 and sold the resulting shares at $6.70 to hold 25,000 warrants and 25,000 shares; David Constable, officer, exercised 10,000 options at $2.55 and sold the resulting shares at $5.75 to hold 80,000 options and no shares.

n Iamgold (IMG-T) — William Puglieses, owner of more than 10% and a director, exercised 200,000 options at $3.20 to hold 400,000 options and 200,000 shares directly, plus 13.28 million shares indirectly; Robert Armstrong, officer, exercised 37,500 options at $3.20 and sold the resulting shares at $6.38 to hold 95,000 options and 13,043 shares; Claude Barjot, officer, exercised 3,500 options at $3.20 and sold the resulting shares at $5.87 to hold 223,000 options and no shares; Mahendra Naik, officer, exercised 20,000 options at $3.20 to hold 420,000 options and 271,565 shares; John Ross, officer, exercised 50,000 options at $3.20 and sold the resulting shares at $5.80 to hold 370,000 options and no shares.

n Inco (N-T) — Allan Bale, executive of an affiliated or subsidiary company, exercised 24,000 options at US$11.56 or US$15.03 and sold the resulting shares at US$21.60 to hold 40,500 options and 105 shares.

n Kalimantan Gold (KLG.U-V) — Kalimantan Investment, owner of more than 10%, sold 110,000 shares privately at US15 or US20, sold 35,000 shares directly at US25 or US26 and bought 13,000 shares at US24 to hold 12.2 million shares; Rahman Connelly, director, sold 20,000 shares at US24 to hold 1.48 million shares.

n Lakota Resources (YLA-V) — John Tindale, director, sold 4,100 shares at $3.29-3.61 to hold 900 shares.

n Laramide Resources (LAM-V) — Marc Henderson, director, bought 100,000 shares privately at 15 and was granted 50,000 warrants that can be exercised at 20 apiece to hold 2.62 million shares and 783,333 warrants.

n Linear Resources (LRR-V) — Brigus Capital, owner of more than 10%, sold 238,000 shares privately at 13-17 to hold 25,000 shares indirectly and 241,219 shares directly.

n Mountain Province Diamonds (MPV-T) — Jan Vandersande, director, sold 10,000 shares at US92-$1.04 to hold 40,000 shares.

n NovaGold Resources (NRI-T) — Gerald McConnell, director, bought 100,000 shares privately at $4.42 plus 50,000 more at an unspecified price to hold 174,907 shares.

n Nuinsco Resources (NWI-T) — Thomas Judson, director, bought 225,000 shares at 18 or 21 to hold 225,000 shares.

n Opawica Explorations (OPW-T) — Donald Clark, director, bought 525,000 shares privately at 10 and was granted 150,000 options exercisable at 10 to hold 809,500 shares and 500,000 options; William Brereton, director, was granted 70,000 options exercisable at 10 to hold 175,000 options.

n Orezone Resources (ORZ-T) — Great Western Mining Co., owner of more than 10%, sold 2.2 million shares at 25-27 to hold 8.94 million shares.

n Silver Standard Resources (SSO-V) — William Meyer, director, sold 3,000 shares at $6.75 and 2,000 shares at US4.31 or US4.33 to hold 10,000 shares.

n Taseko Mines (TKO-V) — Robert Dickinson, director, indirectly sold 158,500 shares at 37-42 and 172,000 shares at US24-26 to hold 1.59 million shares indirectly.

n Teck Cominco (TEK-T) — Caisse de depot et placement du Quebec, owner of more than 10%, sold 100,000 Class B sub-voting shares at $11.54 to hold 4.87 million Class B sub-voting shares directly and 81,513 Class B sub-voting shares indirectly.

n Wolfden Resources (YWO-V) — Ewan Downie, owner of more than 10% and a director, sold 150,000 shares at 86 and bought 10,000 shares at 90 to hold 1.75 million shares.