MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — First Dynasty grants options to seven execs

Reports released by the Ontario Securities Commission show that seven directors of First Dynasty Mines (FDM-T) were granted options in June.

Marcus Randolph acquired 395,000 options at 20 cents to hold 1.17 million; Jonathan Challis acquired 100,000 options at 20 cents to hold 240,462; Zaven Dadekian acquired 100,000 options at 20 cents to hold 100,000; Beverly Downing acquired 100,000 at 20 cents to hold 250,462; Derek Fisher acquired 100,000 options at 20 cents to hold 240,462; Myron Goldstein acquired 100,000 options at 20 cents to hold 255,462; and Ramon Recto acquired 100,000 options at 20 cents to hold 245,462.

Other transactions reported recently by the Commission include the following: * Boliden (BOL-T) — Frederick Telmer, director, sold 6,000 shares at $7.20 to hold none; Peter Traaholt, officer, bought 1,000 shares at $8.05 to hold 1,000.

* Dayton Mining (DAY-T) — Elliott Associates, owner of more than 10% of Dayton, bought 10,000 shares indirectly at US77.5 cents to hold 2.1 million shares indirectly; and Westgate International, owner of more than 10%, bought 10,000 shares at US77.5 cents to hold 2.06 million shares indirectly.

* Etruscan Resources (EET-T) — William Young, director, sold 10,000 shares at $3.85 to hold 123,000.

* Golden Star Resources (GSC-T) — Pierre Gousseland, director, acquired 10,000 options at $3.80 to hold 80,000; Donald Mazankowski, director, acquired 10,000 options at $3.50 to hold 80,000; Roger Morton, director, acquired 10,000 options at $4.50 to hold 140,000; and Richard Stark, director, acquired 10,000 options at $4.50 to hold 140,000.

* Guyanor Resources (GRL-T) — Golden Star Resources, holder of more than 10%, bought 2.4 million shares in a private placement at $2.34 to hold 7.3 million shares.

* Kinross Gold (K-T) — David Rovig, director, sold 5,000 shares at US$4.50 to hold 335,350.

* Northern Abitibi Mining (NAI-A) — Jens Hansen, director, sold 90,000 shares at 50 cents-$1 to hold 432,191 directly and 30,468 through Geotest.

* Tiomin Resources (TIO-T) — Jean Potvin, director, bought 10,000 shares directly at 46 cents and 117,500 shares indirectly at 47 cents to hold 1.4 million shares directly, 119,500 shares through a family trust account, and 682,520 shares through his spouse.

* Vedron Gold (VDGI-C) — Nadim Wakeam, director, sold 5,000 shares at 12 cents and acquired 100,000 options at an unspecified price to hold 115,000 shares and 180,000 options.