Regal director makes trades

A director of Regal Goldfields (CDN) emerged as an active trader of the company’s shares last December, when an exploration program on Regal’s diamond properties was getting under way.

According to the Ontario Securities Commission’s OSC Bulletin, Robert Taylor bought 20,500 shares at $1.80-2 and sold 14,800 shares at $2.03-2.10 to hold 67,500.

Regal recently uncovered a macrodiamond weighing about 0.135 carats in material taken from its A-4 pipe in Arnold Twp., near Kirkland Lake, Ont. The junior, in partnership with ASE-listed Goldhunter Explorations, is extracting a 50-tonne bulk sample from the pipe.

In other transactions completed in the last two months of 1992: Consolidated Ramrod Gold (VSE) — David Jackson, officer, bought 5,400 at $3.55-4 to hold 13,700.

Kingswood Explorations (ASE) — Wayne O’Connor, president, exercised 140,000 options at 26 cents and sold 3,000 shares privately at 45 cents and 25,000 on the market at 61 cents. He also disposed of 50,000 shares at 40 cents by gift to hold 405,040.

Ontex Resources (ASE) — Salvatore Fuda, president, sold 25,300 at $1.05-1.15 to hold 478,600 indirectly and 609,497 directly.

Prime Resources (VSE) — Homestake Canada, holder of more than 10%, bought 2.03 million at $2 to hold 2.45 million indirectly and 22.2 million directly. Pure Gold Resources (TSE) — Robert Murray, director, bought 2.1 million at 16-21 cents and sold 595,000 at 13-16 cents to hold 1.6 million. Queenstake Resources (TSE) — Gordon Gutrath, president, sold 50,000 privately at US25 cents and 20,000 on the market at $1.55 to hold 1.4 million directly and 182,137 indirectly. Doris Meyer, vice-president, exercised 20,000 options at 15 cents and sold 20,000 shares at $1.26 to hold 2,270 shares and 130,000 options.

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