With an appeal still under deliberation for ownership of the Brookbank gold property near Beardmore, Ont., a director of Metalore Resources (TSE) has sold about a third of his stake in the company.
According to the Ontario Securities Commission’s OSC Bulletin, Edward Godin sold 3,100 shares at $10 in mid-April to hold 7,000.
Since its January appeal of a 1990 Ontario court decision that awarded Brookbank to Ontex Resources, Metalore has been climbing steadily from the $3.50 level. It reached a high of $13.88 at the beginning of May but has since dropped back to $10.50.
Brookbank hosts 1.4 million tons grading 0.26 oz. per ton.
In other April/May transactions:
Aur Resources (TSE) — James Gill, officer, sold 150,000 at $4.05-4.25 to hold 1.18 million.
Cambior (TSE) — Louis Gignac, officer, bought 2,000 shares at $13.25 and 1,000 warrants at $1.50 to hold 17,847 shares and 1,000 warrants. Exall Resources (TSE) — Roman Corp., holder of more than 10%, sold 350,000 at $2.27 to hold 1.12 million.
Garden Lake Resources (VSE) — Donald Rankin, officer, sold 25,000 at $2.84 to hold 726,501 directly and 10,000 indirectly.
Golden Star Resources (TSE) — Christopher Taylor, officer, sold 11,000 at $11.13 to hold none.
Kerr Addison Mines (TSE) — David Kerr, president of parent Noranda, sold 10,000 at $20.13 to hold none.
Prime Equities International (VSE) — Murray Pezim, director, sold 33,700 at $2.05 to hold 235,378 directly and 356,987 indirectly.
Richmont Mines (TSE) (TSE) — Pierre Corbeil, director, sold 35,000 at $1.70-2.10
to hold 23,223. Jean-Yves
Laliberte, officer, exercised 10,000 options at 60 cents and sold 10,000 shares at $2.34-2.40 to hold 1,000 shares and 20,000 options.
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