Gabriel exec cashes in warrants

Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:

– Copper Ridge Explorations (KRX-V) — Gerald Carlson, director, bought 3,500 shares at 32 and was granted 140,000 special warrants that can be exercised at 30 apiece to hold, directly or indirectly, 1.1 million shares and 140,000 warrants; Mark Fields, director, bought 16,000 shares at 30-36 and was granted 61,000 special warrants exercisable at 30 apiece to hold 209,500 shares and 61,000 warrants; and Vance Loeber, officer, bought 16,500 shares at 28-30 and sold 10,000 shares at 31 to hold 234,500 shares.

– Cross Lake Minerals (CRN-T) — Brian Kynoch, director, bought 100,000 treasury shares at 10 apiece to hold 541,846 shares; Erik Andersen, officer, sold 114,000 shares at 10-17 to hold 64,333 shares; and James Tutton, director, sold 2,000 shares indirectly at 15 to hold 356,500 shares indirectly.

– Farallon Resources (FAN-T) — Robert Hunter, director, sold 75,500 shares at 68-70 to hold 538,324 shares directly or indirectly.

– Findore Gold Resources (FGRL-V) — Andrew Currah, director, bought 58,650 shares, indirectly or directly, at 50-70 and sold 48,000 shares at 55-72 to hold 1.12 million shares directly or indirectly; and Dennis Charles, director, bought 625,000 treasury shares at an unspecified price and exercised 20,000 options at 50, only to sell the resulting shares at 56 to hold 625,000 shares and an unspecified number of options.

– First Quantum Minerals (FM-T) — The Mineral Trust, owner of more than 10% of the company, indirectly bought 35,000 shares at $3.20-$3.25 to hold 3.26 million shares.

– Fort Knox Gold Resources (FNX-T) — Northfield Capital, owner of more than 10%, bought 54,000 shares at 18-22 to hold 2.15 million shares.

– Fortune Minerals (FT-T) — Robin Goad, director and owner of more than 10%, bought 15,500 shares indirectly at 45-48 to hold 3.24 million shares directly or indirectly.

– Gabriel Resources (GBU-V) — Timis Vasile, director and owner of more than 10% of the company, indirectly disposed of 500,070 shares by way of a gift and indirectly exercised 1.19 million warrants at $1.20-$1.40, only to sell the resulting shares privately at $2.90-$3.25; he was granted 1.5 million options exercisable at $3.15 apiece to hold, directly or indirectly, 11.4 million shares, 2.1 million warrants and 3 million options; also, Simon Lawrence, officer, was granted 50,000 options at $3.35 to hold 400,000 options; and Frank Wheatley, officer, was granted 25,000 options at $3.35 to hold 375,000 options.

– Houston Lake Mining (HLM-V) — James Richardson, director, sold 31,000 shares at 98-$1.02 and exercised 150,000 options at 20 to hold no options and 364,750 shares.

– Hucamp Mines (YHU-V) — John Illidge, director and owner of more than 10% of the company, bought 174,700 shares at $1.35-$1.55 to hold 1.92 million shares.

– Lakota Resources (LAKO-V) — George Breuler, director, bought 30,000 shares at $1.05-$1.25 to hold 1.04 million shares; and Michael Coulter, director, exercised 20,000 options at 30 and sold the resulting shares at $1.31-$1.44 to hold no shares and 30,000 options.

– Manhattan Minerals (MAN-T) — Calvin Everett, officer, bought 10,000 shares at $2-$2.05 to hold 299,300 shares directly or indirectly; and Robert Stone, director, bought 4,000 shares at $2.02 to hold 14,000 shares.

– Rhonda Mining (RDM-V) — Judith Stoeterau, officer, bought 5,000 shares privately at 80, sold 30,000 shares at 71-80 and was granted 200,000 options exercisable at $1 apiece to hold 140,000 shares and 275,000 options; and James Lehman, director, sold 7,000 shares at $1.05-$1.09 to hold 23,000 shares.

– Rio Narcea Gold Mines (RNG-T) — Hullas del Coto Cortes S.A., owner of more than 10% of the company, directly or privately bought 155,996 shares at 60-$1.50 to hold 1.3 million shares.

– Tiomin Resources (TIO-T) — Jean Potvin, director, bought 590,000 shares privately at 85 to hold 4.48 million shares directly or indirectly.

– Trans Hex International (THI-V) — Neil Hoogenhout, director, cancelled 300,000 options with a strike price of $3 and was granted 135,000 options at 30 to hold 270,000 options; Peter Danchin, director, cancelled 150,000 options at $3 and was granted 110,000 options at 30 to hold 180,000 options; Heather Cooper, officer, was granted 10,000 options at 30 to hold that many; Peter Walker, officer, cancelled 200,000 options at $3 and was granted 90,000 options at 30 to hold 180,000 options; and Stephen Woodhead, officer, cancelled 120,000 options at $3 and was granted 55,000 options at 30 to hold 110,000 options.