INSIDER TRADING — Christensen takes profit on Lytton

The chairman of Lytton Minerals (TSE), William Christensen, made a substantial profit on his holdings in the diamond explorer in late 1992.

According to the Ontario Securities Commission’s OSC Bulletin, Christensen pocketed $113,000 after exercising 400,000 options at 7 cents and selling 150,000 shares at 89 cents-$1.04 to hold just over two million shares. Lytton, which traded recently at $2.05, reports the delineation of six drill targets thought to represent kimberlites on its property northwest of Lac de Gras, N.W.T. The target selection was based on a combination of ground geophysical data and heavy mineral sampling results.

In other transactions completed in the last two months of 1992: Arimetco International (TSE) — John McKinney, officer, sold 10,000 shares at $3.10 to hold 291,666.

Cryderman Gold (VSE) — Equity Investments bought 3.3 million privately at 20 cents to hold 3.3 million.

Garden Lake Resources (VSE) — Robert Kasner, director, wishes to clarify that it was Greater Lenora Resources (of which he is the major shareholder) and R.J. Kasner Co. that bought 45,500 shares, sold 254,500 and sold 50,000 short in November, 1992. (T.N.M., Jan. 11/93). The OSC records these transactions as indirect trades of an insider, in this case Kasner himself. The two companies have since repurchased a total of 350,000 shares through a private placement.

Metalore Resources (TSE) — Christopher Brown, director, bought 3,500 at $3.80-3.85 to hold 18,513.

Pure Gold Resources (TSE) — Neil Baker, director, exercised 371,500 options at 10 cents and sold 271,500 shares privately at 10 cents to hold 265,500 options and 100,000 shares.

Rhonda Mining (ASE) — John Alston, chairman, sold 3,400 at $4.60-4.70 to hold 23,200. Peter Gummer, president, sold 2,600 at $4.70 to hold 22,300. Tyler Resources (TSE) — Larry Lahusen, director, sold 150,000 at 30-60 cents to hold 440,000.