INSIDER TRADING (June 15, 1992)

Jascan Resources (TSE) director William Felderhof recently sold a large block of company stock as part of an ongoing effort to sever previous connections with the 49% owned Faraday Resources (TSE) affiliate.

According to the Ontario Securities Commission OSC Bulletin, Felderhof completed the private sale of 441,448 Jascan shares in April for 28 cents to close out his direct holdings.

Felderhof, who was once president of Jascan, has acquired control of TerraGold Resources (ASE) and is now concentrating on activities in the Maritime provinces. He would neither confirm nor deny that the shares were sold to Faraday.

Other mining insiders who were active in the stock market recently include: Aber Resources (TSE) President Grenville Thomas sold 100,000 shares for $1.15-1.16 to hold 403,897 indirectly through Anglo-Celtic Exploration. Fort Knox Gold Resources (TSE) director Al Storey sold 15,000 shares for 50-75 cents to hold none.

Goldpost Resources (TSE) insider Gerald Hatch, who owns more than 10%, bought 155,021 shares for 10 cents to hold 3.1 million indirectly.

Horsham (TSE) director Paul Melnuk exercised an option to purchase 66,667 subordinate voting shares for $5 to hold 66,698.

Inco (TSE) officer Scott Hand bought 22 shares for $28.13 and sold 2,000 shares for $28 to hold 15,000.

Nova-Cogesco Resources (TSE) affiliate Fonds de Solidarite des Travailleurs du Quebec, which owns more than 10%, bought 2.5 million shares for 80 cents to hold the same number.

Prime Equities (VSE) director Leslie MacConnell bought 1,000 shares indirectly for $4 and sold 5,000 for $4.10 to hold 26,000 shares indirectly. Tyranex Gold (CDN) director Gregory Bailey sold 100,000 shares privately for 25 cents to hold 133,000 directly and 169,000 shares indirectly.