Insider sell of VGN
https://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/07/24/greencastle-takes-a-hit-but-exec-sell-some-shares-in-time.aspx
Greencastle takes a hit, but exec sells some shares in time
Posted: July 24, 2008, 12:22 PM by Jonathan Ratner
Mining
Junior explorer Greencastle Resources Ltd. saw its shares soar in June after the company revealed plans to explore for coal on the Manitoba-Saskatchewan border – the same area red hot coal name Goldsource Mines Inc. is active. Goldsource accidentally discovered coal in Saskatchewan while searching for diamonds and this generated a rush of interest from other junior miners in search of the booming commodity.
But disappointing drill results from Goldsource on Monday inflicted severe pain on it and other names including Greencastle, which fell below 30¢ per share after climbing as high as 59¢ on June 23. It traded as low as 11¢ in January.
Fortunate for the company’s president and chief financial officer, James Pirie, he sold 275,000 shares at 56¢ each on June 24 after exercising the same number of options at 25¢ each. He also sold 50,000 shares at 47¢ each on July 14. However, his subsequent sale of 75,000 shares on July 21 came after the sell-off at 34¢ a piece. Mr. Pirie still held 300,000 Greencastle shares following those transactions.
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