INSIDER TRADING — Adex execs exercise options and sell shares

Several insiders of Adex Mining (TSE) traded both common shares and options in the company during April and May.

According to the Ontario Securities Commission’s OSC Bulletin, Sally Burton, senior officer, purchased 30,000 shares in the open market at 35 cents to hold 1.1 million shares and was granted 100,000 options at 27 cents to hold 350,000 options. Clarence Cole, director, exercised options and acquired 300,000 shares at 16-25 cents to hold 447,286 shares. He also sold 300,000 options at 16-25 cents and acquired 300,000 options at 27 cents to hold 300,000 options. Donald Jeffrey, director and senior officer, sold 1.4 million shares at 27-35 cents to hold 2 million shares and was granted 100,000 options at 27 cents to hold 758,000 options. William Love, senior officer and director, sold 77,500 shares at 32-38 cents to hold 1.5 million shares.

Other recent transactions included:

Cominco (TSE) — Richard Mundie, director and senior officer, exercised options and bought 5,500 shares at $17.63-$21.13 and sold 5,500 shares at $23.75-$24.50 to hold 1,033 shares and 1,500 options.

Hemlo Gold Mines (TSE) — Ian Bayer, senior officer, sold 15,000 shares at $16.38 to hold 80,100 shares. John Harvey, director, sold 7,000 shares under a plan at $15.25-$16.37 to hold no shares.

High River Gold Mines (TSE) — The company made a normal course issuer bid and bought 333,500 shares at $2.35-$2.40 and canceled the shares. David Mosher, director and senior officer, sold 10,000 shares in the open market at $2.45 to hold 266,666 shares.

MSV Resources (TSE) — Richard Faucher, senior officer and director, was granted 350,000 options at $1.70-$1.95 to hold 350,000 options.

Northway Explorations (TSE) — John Pollock, director and senior officer, who beneficially owns or controls more than 10% of the corporation, bought 20,000 shares at 30 cents in the open market and sold 304,900 shares at 70 cents-$1.80 to hold an undisclosed number of shares.

Pentland Firth Ventures (ASE) — Arthur Ditto, director or senior officer, purchased 14,000 warrants at 60 cents-65 cents to hold 11,000 warrants. Karl Zuber, director and senior officer of an affiliate, bought 100,000 shares at $1.10 and sold 123,900 shares at $1.10-$1.45 in the open market to hold 46,100 shares.

Tandem Resources (TSE) — Stanley Hawkins, director and senior officer, bought 69,000 shares at 16 cents-28 cents and sold 210,000 shares at 22 cents-23 cents to hold 1.5 million shares.