INSIDER TRADING — Great Lakes executives trade Santa Cruz shares

In November, Great Lakes Minerals (TSE) and two of that company’s executives traded shares, warrants and special warrants of Santa Cruz Gold (CDN).

According to the Ontario Securities Commission’s OSC Bulletin, Great Lakes, a holder of more than 10% of the securities in Santa Cruz, sold 178,000 shares at 70 cents and bought 35,000 shares at 70 cents to hold 89,500 shares. In addition, Great Lakes was granted 154,500 special warrants at 50 cents to hold 154,500 special warrants. John McBride, director and senior officer, bought 94,100 shares at 70 cents-72 cents to hold 239,100 shares, and Nicholas Tintor, director, sold 22,500 warrants at 25 cents to hold 22,500 warrants. Other transactions reported since November include the following:

* Barrick Gold (TSE) — Vincent Borg, senior officer, exercised options and acquired 1,000 shares at $14.25 and sold 1,000 shares at $34.00-$34.13 to hold no shares and 54,000 options.

* Cameco (TSE) — Vernon Kiss, senior officer, sold 650 shares at $47.63 to hold 650 shares.

* Continental Precious Metals (ME) — Edward Godin, director and senior officer, who holds more than 10% of the corporation, acquired 100,000 shares at 60 cents to hold 1.2 million shares.

* Crown Butte Resources (TSE) — Michael Power, director and senior officer of an affiliate, bought 5,000 shares at $2.60 to hold 5,000 shares.

* Diamond Field Resources (TSE) — Thomas Young, senior officer, exercised options and bought 7,000 shares at $18.18, and later sold 7,000 shares at $26.75, to hold no shares and 33,000 options.

* Echo Bay Mines (TSE) — Brian Labadie, senior officer, exercised options and bought 14,500 shares at $5.75-$8.88 and sold 12,300 shares at US$9.75 to hold 2,200 shares and 38,458 options.

* Kinbauri Gold (CDN) — Garry Hughes, senior officer, exercised options and acquired 12,000 shares at $2.40-$2.75 and sold 12,000 shares at $11.38-$11.63 to hold 30,630 shares and 174,500 options.

* Sherritt (TSE) — Dennis Maschmeyer, senior officer, exercised options and acquired 10,000 shares at $5.50 and disposed of 10,000 shares at $19.75.

* Sudbury Contact Mines (TSE) — Sean Boyd, senior officer, exercised options and acquired 2,000 shares at $1.25 and sold 2,000 shares $14.38 to hold no shares.