INSIDER TRADING — BT Funds unwinds Tri Origin position

Recent insider trading reports reported in the Ontario Securities Commission’s OSC Bulletin show that Australian-based investment fund BT Funds Management sold all its shares in Tri Origin Exploration (toe-t) in March. The fund, which was required to report its trading activities by virtue of owning more than 10% of equity, sold 2.07 million shares indirectly and privately at 5 cents each to hold none.

Picking up those shares were four executives of, and one consultant to, the junior explorer: Heather Sheehan, director, bought 443,907 shares to hold 1.51 million shares; Robert Valliant, president and a director, bought 443,907 shares to hold 1.28 million shares; Alan Snowden, director, bought 739,707 shares to hold 814,707 shares; Richard Hutchinson, director, bought 147,900 shares to hold 148,900 shares; and Chris Pegg, consultant, bought 296,008 shares to hold that many. Combined, these individuals now hold 38.15% of the company’s 10.61 million shares issued.

Other transactions reported by the OSC include the following:

• Argosy Mining (AGO-V) — Cecil Bond, officer, bought 1.2 million shares at 13 cents following the company’s announcement that it intends to merge with Calliope Metals (cyo-v), and cancelled 100,000 options, which could have been converted to shares at 60 cents, to hold 1.22 million shares directly, 10,000 shares indirectly and no options; and David Henstridge, director, cancelled 200,000 options priced at 60 cents to hold none.
• Cominco (CLT-T) — Teck (TEK-T), owner of more than 10%, bought 2.5 million shares at $19.75 and another 800 shares at $19.65 to hold 26.16 million shares directly and 6.87 million shares indirectly.
• Darnley Bay Resources (DBL-V) — William Allen, director, bought 177,000 shares indirectly and privately at 85 cents and was granted 48,000 options priced at 85 cents to hold 177,000 shares indirectly and 906,756 shares and 348,000 options directly.
• Gitennes Exploration (QIT-T) — Edward Mercaldo, director, bought 200,000 shares at 20 cents to hold 300,000 shares.
• Indochina Goldfields (ING-T) — Eric Friedland, director, bought 10,000 shares at 82 cents to hold 110,000 shares; Edward Mercaldo, director, bought 100,000 shares at 60 cents to hold 150,000 shares; and John Weatherall, director, bought 7,500 shares indirectly at 64-65 cents to hold 12,500 shares indirectly and 500 shares directly.
• Kinross Gold (K-T) — The company repurchased 671,300 shares for cancellation at $3.04-3.50.
• Taseko Mines (TKO-V) — Robert Dickinson, director, directly sold 85,000 shares at US$2.70-2.71 and 15,000 shares at $4.10-4.15, and indirectly sold 20,000 shares at US$3.37-3.50 to hold 5,831 shares directly and 570,263 shares indirectly.
• Tiomin Resources (TIO-T) — Jean Potvin, director, bought 138,500 shares directly at 20 cents to hold 1.65 million shares directly and 1.48 million shares in two indirectly held accounts.
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