INSIDER TRADING (June 29, 1992)

Freewest Resources (TSE) director Robert Buttars profited recently by exercising stock options and then selling the shares at a substantial premium to the exercise price.

According to the Ontario Securities Commission OSC Bulletin, Buttars exercised on 10,000 Freewest shares in February at $2.70 and then sold the shares a month later for $3.82 to hold 2,000.

Since the transaction was completed, Freewest shares have slipped to around $1.75 where they trade in a 52-week range of $1.65-4.05.

Other mining insiders who were active in the stock market recently include: American Barrick Resources (TSE) chief financial officer Gregory Wilkins, who sold 3,000 shares for $29.37 to hold 3,500.

AquaGold Resources (ASE) secretary John Dickey bought 100,000 shares for 10 cents to hold 290,636.

Arimetco International (TSE) Chairman Roy Shipes, who owns more than 10%, sold 575,000 shares for $1.65 each to hold 5.9 million.

Bema Gold (TSE) Chairman Clive Johnson exercised an option on 25,000 shares at $1.40. He then sold 9,500 shares for $1.60-1.62 to hold 60,200 shares directly and 578,420 in a British Columbia numbered company. Canmine Resources (CDN) director Paul Teodorovici exercised options on 75,000 shares at 10 cents and 10,000 at 50 cents. He also sold 85,000 shares for 10-70 cents to hold 1,150.

Dundee-Palliser Resources (TSE) affiliate MVP Capital, which owns more than 10%, sold 1.5 million shares for 14 cents to hold 4.6 million. Freewest Resources (TSE) affiliate Hemlo Gold Mines (TSE), which owns more than 10%, bought 40,870 for $3 to hold 1.3 million.

SouthernEra Resources (TSE) President Christopher Jennings acquired 1.2 million shares privately for 1 cents each to hold the same number.