Henry Ewanchuk, a former senior executive with the Toronto- based Corona (TSE) group, recently made a substantial profit after exercising an option to purchase shares of the company at a discount to the current market price. Last month, according to a recent Ontario Securities Commission OSC Bulletin, Ewanchuk exercised the right to purchase 20,333 shares at $5.738 per share.
He later earned a profit of $37,744 by selling the shares at prices ranging from $7.50 to $7.75 to hold 6,289. Ewanchuk, who is now president and chief executive officer of Vancouver-based Bethlehem Resources (TSE), held 31,433 Corona options after the transaction was completed. Corona and affiliate DCC Equities together own 10.4% of Bethlehem’s issued shares.
Other mining insiders who were active in the stock market recently include Corona Vice-president Gillyeard Leathley who sold 70,000 Class A shares for between $7.625 and $7.75 to hold 7,817.
Societe Miniere Louvem (TSE) Secretary Michel Jodoin exercised an option to purchase 10,000 shares at $2.52. He later sold the shares for between $5.87 and $6.25 to hold none. Jodoin still holds options on 75,000 shares at $5.87.
Trimin Resources (TSE) director Peter Bradshaw was granted options on 55,000 shares at $2.59.
Be the first to comment on "Insider Trading Ewanchuk profits from Corona deal"