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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Energy Oil & Gas E&P
Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.


TSXV:ATI - Post by User

Altai Resources Inc
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Comment by buylow4on Feb 26, 2010 6:44am
370 Views
Post# 16822437

RE: RE: Insider trades Link

RE: RE: Insider trades Link

trader2day........

What you're looking at is share options granted to four directors/officers of the Company. The option price is at the market closing share price of the company the day before the respective share options were granted (transaction date Feb 22. at
.46 per share)

With the pop in SP on Feb. 23, it would make sense for these directors to excercise their options (that is receive 100,000 shares each at a price of
.46 per share). 

I'm not sure, but I wouldn't be surprised if the insider selling is a result of one of these directors capturing some early profit.

BL4

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Dealroom for high-potential pre-IPO opportunities
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