INSIDER TRADING (September 23, 1991)

Shares of Equinox Resources (TSE) have fallen slightly since results from the company’s Rosebud gold joint venture with LAC Minerals (TSE) drove the issue to a 52-week high of $3.25.

But as indicated by Ontario Securities Commission’s OSC Bulletin, Equinox insiders are still making money in the stock market. Back in late June, director John Wright exercised options on 70,000 shares at $1.45 before selling 20,000 at $3.04 plus 50,000 for $2.01 to close out his holdings. As recent results from the Rosebud property in Nevada haven’t matched assays released earlier this year, the Equinox issue has slipped to $2.13 in an annual range of $3.25 and $1.

Other mining insiders who were active in the stock market recently include: Cathedral Gold (TSE) director Peter Geib, who bought 105,000 shares for 50 cents to hold 339,000.

Dickenson Mines (TSE) director Hugh Snyder purchased 4,000 class A shares for $3.10 to hold the same number.

Equinox Resources (TSE) director Jane Wright purchased 50,000 shares privately for $1.15 to hold the same number and sold 50,000 options at $1.45 to hold no options.

Freewest Resources (TSE) President Mackenzie Watson exercised on 15,000 shares at $1.65 and sold the same number for $3.41 to hold 885,168. Golden Knight Resources (TSE) Chairman Norman Keevil was granted the right to purchase 30,000 options for $10.87.

Jonpol Explorations (TSE) director Ronald Heale bought 25,000 shares for 53 cents to hold 92,000.

Metalore Resources (TSE) director Christopher Brown bought 1,500 shares for $9.25-10 and sold 4,200 for $13-14 to hold 7,413.