INSIDER TRADING — Campbell executives take shares as pay

Several officers and directors of Campbell Resources (TSE) exercised options and acquired shares in December 1995.

According to the Ontario Securities Commission’s OSC Bulletin, Gary Cohoon, senior officer, acquired 1,420 shares at $1.30 through a plan to hold 8,967 shares. Rod Douglas, director, was granted 100,000 options at an un- disclosed price to hold 190,000 options. Elaine Ellingham, senior officer, exercised options and acquired 37,500 shares at 57 cents and sold 37,500 shares at $1.25-$1.30. She later acquired 2,500 shares at $1.30, as compensation for services, to hold 2,500 shares and 37,500 options. Paul Ireland, senior officer, acquired 12,500 shares at $1.30, as compensation for sevices, and 853 shares at $1.32 through a plan to hold 16,638 shares. John Kachmar, director and senior officer, acquired 50,000 shares at $1.30 as compensation for services to hold 125,000 shares. Lorna MacGillvray, senior officer, acquired 12,500 shares at $1.30, as compensation for services, and another 1,634 shares at $1.32 to hold 33,202 shares. Other transactions reported since November 1995 are as follows:

* Akeroki-Ashanti Gold Mines (CDN) — Blair Howard, director and senior officer, who holds more than 10% of the company, sold 50,000 shares at 18-22 cents to hold 2.3 million shares.

* Asia Pacific Resources (VSE) — John Darch, director and senior officer, sold 55,000 shares at $5.25 to hold 74,100 shares.

* Barrick Gold (TSE) — Robert Wickham, a director and senior officer of an affiliate that owns more than 10% of the company, exercised options and acquired 30,000 shares at $14.25, which were later sold at $37.50. He holds no shares and 75,000 options.

* Canadian States Resources (CDN) — Robert Salna, director and senior officer, acquired 49,100 shares at 81 cents-$2.50 and sold 31,600 shares at 70 cents-$2.40 to hold 101,249 shares. Michael Salna, director and senior officer, bought 12,600 shares at $2.40 and sold 48,600 shares at 70 cents-$2.15 to hold 58,400 shares.

* Repadre Capital (TSE) — Gerald McCarvill, director and senior officer, exercised options and acquired 75,000 shares at $1.70 and sold 75,000 shares at $3.60-$3.65 to hold 154,400 shares.

* River Gold Mines (TSE) — Murray Pollitt, director, bought 4,900 shares at $2.60-$2.67 to hold 31,000 shares.

* TVI Pacific (TSE) — Jan Horejsi, director, acquired 125,000 options at 67 cents and sold 125,000 shares at $2.10-$2.24 to hold 200,000 options and 213,640 shares.