With the promising Brookbank gold project near Beardmore, Ont., still tied up by a property ownership dispute, the president of Ontex Resources (ASE) recently sold some of his interest in the junior.
According to the Ontario Securities Commission’s OSC Bulletin, Salvatore Fuda sold 29,000 shares at 72-75 cents to hold 609,497 directly and 503,900 indirectly.
On Jan. 11, Ontex will defend itself against Metalore Resources’ (TSE) appeal of a December, 1990, ruling that rescinded previous contracts between the two juniors and awarded Ontex rights to the Brookbank property.
Other transactions completed recently include:
Consolidated Professor Mines (TSE) — Richard Cunningham-Dunlop, president, sold 829,950 privately at an undisclosed price to hold none. Consolidated Ramrod Gold (TSE) — Karl Rollke, director, bought 39,500 at $3.10-3.55 to hold 2.6 million.
Goldbelt Resources (VSE) — Lloyd Halvorson, officer, bought 100,000 at 68 cents to hold 100,000.
Holmer Gold Mines (ASE) — Hughes Lang, holder of more than 10%, privately sold 719,285 shares at 10 cents and 260,715 options to hold none. Kerr Addison Mines (TSE) — Ian Bayer, officer, sold 32,300 at $18.75 to hold 9,836.
Tandem Resources (ME) — Stan Hawkins, president, bought 150,000 for 8 cents to hold 1.5 million directly and 124,500 indirectly.
Uranium Resources (TSE) — Louis Durbin, officer, sold 5,000 for US$3.75 to hold 311,942.
WisCan Resources (TSE) — Harry Hodge, president, bought 96,000 at 5.5-7 cents to hold 734,071 directly 239,942 indirectly.
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