INSIDER TRADING (January 27, 1992)

Malcolm Slack, chairman and driving force behind Deak Resources’ (TSE) effort to establish itself as a profitable producer and custom miller of gold, recently increased his stake in the Toronto-based company.

According to the Ontario Securities Commission OSC Bulletin, the mining engineer acquired 689,180 shares privately for 27-29 cents to hold 889,189 shares directly and 131,700 in an RRSP. Director Frank Smeenk also sold 25,000 shares for 49 cents to hold 109,490 directly and slightly over one million indirectly.

Other mining insiders who were active in the stock market recently include: American Barrick Resources (TSE) Executive Vice-President Alan Hill sold 2,060 shares for $31.76 to hold 340.

Atlanta Gold (TSE) President Olaf Tolpinrud sold 65,300 shares for 80 cents-$1.05 to hold 54,141.

Dayton Mining (TSE) director Paul Dircksen sold 10,200 shares for $2.52 to hold 49,800. Director Thomas Hawkins also sold 13,500 shares for $2.59 to hold 84,000.

Dickenson Mines (TSE) executives John Cook, Rolando Francisco and Robert McEwen were granted an option to buy 40,000, 50,000 and 110,000 shares respectively at $3.40. As a result, Cook owns 70,000 options, Francisco has 100,000 and McEwen possesses 110,000.

Jonpol Explorations (TSE) director Ronald Heale bought 50,000 shares for 57 cents and sold 20,000 for 33 cents to hold 122,000.

McChip Resources (TSE) President Paul McCloskey bought 659,409 shares for 18-19 cents via a private company to hold the same number. He also sold 249,000 via other holding firms to hold 115,900.

Pan Orvana Resources (TSE) officer Peter Bradshaw bought 23,000 shares privately for 50 cents to hold 176,333.