Pezim sells almost all of Corona Corp. interest

Vancouver promoter Murray Pezim’s connection with Corona Corp. (TSE) was weakened substantially when he sold almost all of his remaining stake in the Toronto- based gold producer recently.

According to the Ontario Securities Commission’s Insider Trading Bulletin, Pezim sold 14,300 Corona Class A shares for $8.12 to hold 33 through Zareba Investments.

He also sold 8,000 class B shares for $8.25-8.62 to hold 4,300 indirectly.

Pezim financed the original Hemlo gold discoveries through International Corona Resources, later amalgamated into what is now Corona Corp. Pezim, who remains an honorary chairman of Corona, is trying to strengthen his grip on another important gold find — the Eskay Creek project in British Columbia.

Other mining executives who were active in the stock market recently include:

Battle Mountain Gold (TSE) director Richard Howe who sold 2,465 class A shares for $17 to hold 7,535.

Canamax Resources’ (TSE) former Timmins, Ont., exploration manager Germain Lauzier sold 2,441 shares for $3.65 to hold 3,570.

Coral Gold (TSE) President Louis Wolfin sold 1,700 shares through Frobisher Securities for $1.60. He also sold 74,400 warrants before purchasing 500 additional shares for $2.80 to hold 100,400.

Geddes Resources’ (TSE) Secretary-Treasurer Samuel Carpenter sold 12,700 for $2.35-2.40 to hold none.

Hemlo Gold Mines (TSE) President John Harvey sold 500 shares for $17.25 to hold 15,000.

International Baslen (ASE) director Anthony Inderwick sold 106,000 shares for 25 cents to hold 20,500.

Manson Creek Resources (TSE) Vice-President Larry Lahusen bought 25,000 shares for 20 cents to hold 202,000.

Nahanni Mines (TSE) President John Harquail bought 9,000 shares for 23 cents to hold 636,169.

Noranda Inc.’s (TSE) Wilson Barbour, vice-president of investments, sold 550 shares for $25 to hold 27,009. Jeffery Snow, general counsel at 50.2% owned Kerr Addison Mines, bought 150 Noranda shares for $21.52 to hold 150.

Placer Dome’s (TSE) chief financial officer Ian Austin bought 275 shares for $18.875 to hold 275. Henry Brehaut, senior vice-president of Canadian operations, sold 4,000 shares for $21.875 to hold 1,063. Director Clifford Michel sold 15,443 for $18.50 to hold 600,000 indirectly. Power Explorations (TSE) President Harry Hodge bought 3,800 shares for 10 cents to hold 2,495,997.