INSIDER TRADING — Canadian States Res. executives unload shares

Several senior officers of Canadian States Resources (CDN) traded shares in the company during September.

According to the Ontario Securities Commission’s OSC Bulletin, Robert Salna, director and senior officer, who owns more than 10% of the corporation, bought 107,165 shares at $6.75-$20 and sold 216,700 shares at $7-$21 to hold 24,994 shares. Michael Salna, also a director and senior officer, who owns more than 10% of the corporation, bought 2,000 shares at $11.75 and sold 44,700 shares at $8.50-$18 to hold 41,300 shares. Vida Salna, director and senior officer, who owns more than 10% of the corporation, bought 4,000 shares at $14.50-$16.50 and sold 11,500 shares at $14.50-$18 to hold 70,000 shares. Rita Shefsky, director, sold 20,550 shares at $6.50-$17.50 to hold 50 shares. Other transactions during the month included: * Asia Pacific Resources (TSE) — John Darch, director and senior officer, sold 200,000 shares at $4.70-$5 to hold 582,600 shares. Peter Wong, senior officer, sold 5,000 shares at $4.55 to hold 35,000 shares. Gerald Wright, director and senior officer, sold 100,000 shares at $5 to hold 815,760 shares.

* Cumberland Resources (TSE) — Abraham Aronowicz, director, who owns more than 10% of the corporation, exercised warrants and acquired 125,000 shares at $1.75 to hold 3.2 million shares and 111,328 warrants. Shirley Hilton, senior officer, sold 2,000 shares at $2.40-$2.70 to hold 10,900 shares. John Kenyon, director, sold 16,000 shares at $2.25-$2.88 to hold 167,699 shares. William McCrindle, director and senior officer, filed an initial statement indicating he holds 267,937 shares, 75,000 options and 12,937 warrants. Jonathan Rubenstein sold 5,000 shares at $2.30 to hold 5,000 shares. * Loki Gold (TSE) — Henry Giegerich, director, sold 10,000 shares at $2.04-$2.10 to hold 578,000 shares. Ronald Netolitzky, director, sold 200,000 warrants at an undisclosed price to hold no warrants.

* Manhattan Minerals (VSE) — Robert Willis, director and senior officer, who holds more than 10% of the corporation, sold 133,000 shares at $1.70-$1.95 and then bought 10,500 shares at $1.78-$1.90 to hold 664,600 shares.

* Patrician Gold Mines (ASE) — Michael Pickens, director, sold 17,000 shares at 72 cents-80 cents to hold 194,910 shares.

* Prime Equities International (VSE) — Leslie MacConnell, director and senior officer of an affiliate, bought 25,000 shares at $4.30-$5.13 and sold 35,000 shares at 75 cents-$5.38 to hold 51,000 shares.

* TVI Pacific (ASE) — Clifford James, director and senior officer, bought 47,100 shares at US$11.38-$12.63 and sold 42,250 shares. He was granted 300,000 options at 94 cents to hold 1 million options.