MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Etruscan execs discard options

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

• Etruscan Resources (EET-T) — Glenn Holmes, officer, disposed of 300,000 options and bought 10,000 shares at 75-80 cents to hold no options and 36,800 shares; and Gerald McConnell, director, disposed of 500,000 options, sold 10,000 shares privately at $3 and bought 6,500 shares directly at $1.17-1.35 and 41,000 shares indirectly at 85 cents-$1.30 to hold no options, 397,345 shares directly and 38,500 shares indirectly.
• Farallon Resources (FAN-T) — Robert Hunter, director, sold 90,000 shares indirectly at $1.19-1.22 to hold 502,724 shares indirectly and 128,100 shares directly; David Jennings, director, bought 3,700 shares indirectly at $1.30 and sold 19,050 shares indirectly at $1.20-1.30 to hold 402,647 shares indirectly; and Scott Cousens, director, was granted 75,700 options at $1 to hold 174,900 options.
• First Dynasty Mines (FDM-T) — Robert Friedland, owner of more than 10% of the company, indirectly disposed of 17.31 million convertible debentures to hold none.
• Kit Resources (KIT-T) — Morris Medd, former director, disposed of 40,000 shares at $1.51-1.80 and was granted 10,000 options at 35 cents to hold that number of options and an unspecified number of shares; John Kalmet, director, disposed of 50,000 options and was granted 10,000 options at 35 cents to hold that amount; William Gilroy, director, disposed of 500,00 options priced at $1.80-2.40 and was granted 100,000 options at 35 cents to hold that amount; Thomas Price, officer, bought 10,000 shares at 13 cents, disposed of 265,000 options and was granted 53,000 options at 35 cents to hold that amount; and John Zigarlick, director, disposed of 500,000 options at $1.80-2.50 and was granted 100,0000 options at 35 cents to hold that amount.
• Rhonda Mining (RDM-A) — Glen Alston, director, bought 685,000 shares at 5-18 cents and sold 262,000 shares at 12-18 cents to hold 635,250 shares.
• Wheaton River (WRM-T) — Kerry Knoll, director, bought 10,000 shares at 26 cents to hold 205,200 shares; Craig Dunham, officer, was granted 75,000 shares at $1.35 to hold 175,000 options; and Wheaton repurchased 39,500 of its own shares at 25-28 cents to hold 102,000 shares.