During the last week of November, when the shares of Skyline Gold (VSE) soared to $1.15 cents from 30 cents, director and majority shareholder Ronald Shon sold a small portion of his indirect holdings.
According to the Ontario Securities Commission’s OSC Bulletin, Shon sold 174,800 shares at 65 cents-$1.07 to hold 1.4 million indirectly. Skyline, which traded recently at $1.55, is being revived and restructured by Shon with the help of Cliff Grandison, a former Placer Dome executive. The junior owns a dormant mine and mill and a large land package in the Iskut River region of British Columbia.
In other recent transactions:
Canarc Resource (VSE) — Craig Angus, director, exercised 12,000 options at 80 cents and sold 12,000 at $1.25-1.33 to hold none.
Equinox Resources (TSE) — William Charlton, director, sold 9,000 shares at $2.08 to hold none. Pierre Masse, director, exercised 36,000 options at $1.45 to hold 94,000 and sold 31,500 shares at $2.16 to hold none. Garden Lake Resources (VSE) — Robert Kasner, director, bought 45,500 at 44 cents, sold 254,500 at 43-51 cents and sold 50,000 short at 47 cents to hold 1,900 indirectly. Edward Schiller, director, was granted 68,550 options at 27 cents.
Northway Explorations (TSE) — John Pollock, president, bought 117,500 at 33-36 cents to hold 80,000 directly, 1.83 million indirectly and 300,000 in an RRSP.
Rhonda Mining (ASE) — Savanna Resources, holder of more than 10%, sold 65,000 at $4.55-4.60 to hold 2.1 million.
Silver Century Explorations (ASE) — Agnico-Eagle Mines, holder of more than 10%, bought one million at 10 cents to hold 1.8 million.
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