INSIDER TRADING Wiscan’s Nemis and wife poised for rally

Wiscan Resources (TSE) President Richard Nemis and his wife Diane are poised to benefit from any share activity that may result from exploration on the Toronto company’s Wisconsin gold properties.

According to the Ontario Securities Commission’s OSC Bulletin, Nemis holds 390,000 Wiscan shares after receiving 10,000 as compensation for services. His wife holds an additional 200,000 shares which traded recently at 20 cents in a 52-week range of 3-59 cents.

With an option to earn 50% from Wiscan in 46,000 acres of prospective land near Rhinelander, Wis., Noranda (TSE) was recently drilling a deposit containing 454,688 tons of grade 0.26 oz. gold. But assay results have not yet been released.

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

Black Hawk Mining (TSE) Treasurer George Faught, who was granted the right to purchase 50,000 options for 60 cents to hold 50,000. President Garry Hughes and director Thomas Komlos can also buy 60,000 and 40,000 options respectively at 60 cents to hold the same number. Crown

Butte Resources (TSE) director Margaret Reeb bought 1,000 shares at $10 each to hold the same number.

Glamis Gold (TSE) director Jacques Barbeau exercised an option to sell 25,000 shares for $1.25 to hold none.

Golden Rule Resources (TSE) officer Barbara Hughes exercised an option on 10,000 shares at 65 cents before selling all of them for $1.15 to hold none.

Sikaman Gold Resources President Arthur Griffis bought 98,600 shares for 48-50 cents to hold 807,678 directly and 79,406 indirectly.