MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Breakwater execs renew options

Reports by the Ontario Securities Commission show that two directors of Breakwater Resources (BWR-T) renewed several options in November.

Ned Goodman allowed to expire 50,000 options at $3.40 and was granted 50,000 options at $1.05 to hold 150,000 options, whereas Garth MacRae allowed to expire 50,000 options at $3.40 and was granted 50,000 options at $1.05 to hold 150,000 options.

Other transactions reported in the Commission’s OSC Bulletin include the following:

  • Cominco Ltd. (CLT-T) — Brian Aune, director, was granted 10,000 options at $17.40 to hold 50,000; Hugh Bolton, director, was granted 10,000 options at $17.40 to hold 20,000; Roger Brain, director, was granted 20,000 options at $17.40 to hold 95,000; Norman Keevil, director, was granted 20,000 options at $17.40-24.50 to hold 50,000; Denham Kelsey, director, was granted 10,000 options at $17.40 to hold 30,000; John Kerr, director, was granted 10,000 options at $17.40 to hold 50,000; Jack McOuat, director, was granted 10,000 options at $17.40 to hold 50,000; David Sinclair, director, was granted 10,000 options at $17.40 to hold 42,000; David Thompson, director, was granted 60,000 options at $17.40 to hold 300,000; Donald Worth, director, was granted 10,000 options at $17.40 to hold 20,000; Glen Darou, officer, was granted 20,000 options at $17.40 to hold 60,000; Ronald Henningson, officer, was granted 20,000 options at $17.40 to hold 65,000; Douglas Horswill, officer, was granted 12,000 options at $17.40 to hold 48,000; Michael Longinotti, officer, was granted 12,000 options at $17.40 to hold 41,000; Gerard Manuei, officer, was granted 12,000 options at $17.40 to hold 41,000; Bryan Morris, officer, was granted 12,000 options at $17.40 to hold 44,000; James Utley, officer, was granted 24,000 options indirectly at $17.40-24.50 to hold 40,000 indirectly; Anthony Zoobkoff, officer, was granted 3,000 options at $17.40 to hold 15,053; and Harold Keevil, executive of a company holding than more than 10%, sold 10,000 shares at $17.05-17.50 to hold none directly and 2,000 indirectly.
  • Corona Gold (CRG-T) — Ned Goodman, director, was granted 152,814 options at $1.85 to hold 582,064 options.
  • Cumberland Resources (CBD-T) — Abraham Aronowicz, director, bought 58,800 shares privately at $1.70 to hold 3.37 million shares; Deans Knight Capital Management, holder of more than 10%, bought 592,648 shares indirectly at $1.70 to hold 3.11 million shares; and Jonathan Rubenstein, director, bought 10,000 shares in a private placement at $1.70 to hold 60,900 shares.
  • DiamondWorks (DMW-T) — Robertson Stephens Investment, owner of more than 10%, sold 190,000 shares indirectly at US26 cents-40 cents to hold 15.88 million shares indirectly.
  • Etruscan Resources (EET-T) — Robertson Stephens Investment, holder of more than 10%, sold 438,100 shares indirectly at US79 cents-97 cents and 51,310 warrants at US1 cents to hold 5.33 million shares indirectly and 1.35 million warrants; Anthony Hayes, officer, sold 2,000 shares at $1.30-1.46 to hold 60,500 shares; and Gerald McConnell, director, bought 5,000 shares at $1.35 to hold 407,345 shares directly and 7,500 shares indirectly.

US filings

Meanwhile, recent filings with the U.S. Securities and Exchange Commission show that nine executives of Homestake Mining (hm-n) have increased their holdings in that company.

Jack Thompson, chairman, exercised 37,733 options at US$9.13 and sold 13,376 shares at US$9.13 to hold a total 82,868 shares; Gene Elam, officer, exercised 14,150 options at US$9.13 and sold 5,016 shares at US$9.13 to hold a total of 22,926 shares; Wayne Kirk, officer, exercised 17,710 options at US$9.13 and sold 6,281 shares at US$9.13 to hold a total of 22,498 shares; Lee Graber, officer, exercised 9,500 options at US$9.13 and sold 3,368 shares at US$9.13 to hold a total 18,685 shares; Gregory Lang, officer, exercised 3,733 options at US$9.13 and sold 1,323 shares at US$9.13 to hold a total 5,927 shares; Gillyeard Leathley, officer, exercised 11,300 options at US$9.13 and sold 3,842 shares at US$9.13 to hold a total 12,858 shares: Donald Lewis, officer, exercised 3,833 options at US$9.13 and sold 1,359 shares at US$9.13 to hold a total 4,067 shares; William Lindqvist, officer, bought 3,000 shares at US$8.75, exercised 11,650 options at US$9.13 and sold 4,130 shares at US$9.13 to hold a total 11,973 shares; and August Von Fink, owner of more than 10% of the company, sold 9 million shares at US$10.06 to hold 21 million shares.

Other transactions reported south of the border include:

    Phelps Dodge (PD-N) — Archie Dunham, director, bought 1,000 shares at US$54.13 to hold 1,000 shares; and Gregory Stevens, officer, bought 321 shares at US$49.86 to hold a total 3,094 shares.

  • Nord Resources (NRD-N) — Jean Raymond Boulle, owner of more than 10%, bought 632,700 shares at US$1.00-1.63 and another 110,200 shares at US$1.75 to hold 7 million shares, or 32% of the company.
  • Royal Gold (RGLD-Q) — Edwin Peiker, director, disposed of 9,000 shares given to him as a gift and sold 8,000 shares at US$3.88 to hold a total 421,678 shares; and James Stuckert, director, indirectly bought 1,000 shares at US$4.50 to hold 65,124 shares indirectly.
  • Hanover Gold (HVGO-O) — Raymond Hanson, president, bought 200,000 shares indirectly at US25 cents to hold 969,814 shares indirectly; and Hobart Teneff, owner of more than 10%, purchased 200,000 shares at US25 cents to hold 1.1 million shares.
  • U.S. Energy (USEG-Q) — Daniel Svilar, officer, disposed of 8,500 shares given to him as a gift to hold a total 926,165 shares.
Print

 

Republish this article

Be the first to comment on "MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Breakwater execs renew options"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close