It appears that shares are being bought in the name of the company itself (presumably to be canceled).
Info from Sedi.ca:
Insider name: Ursa Major Minerals Incorporated
Insider's Relationship to Issuer: 1 - Issuer
Date of transaction
Number acquired
Unit Price
Closing Balance
2008-07-02 59,500 0.5000 59,500
2008-07-03 15,763 0.4800 75,263
2008-07-04 5,000 0.4600 80,263
2008-07-08 15,000 0.4600 95,263
2008-07-18 4,000 0.4150 99,263
2008-07-18 6,500 0.4100 105,763
2008-07-18 5,263 0.4050 111,026
2008-08-08 10,000 0.3600 121,026
2008-08-19 10,000 0.3400 131,026
2008-09-03 6,000 0.3000 137,026
2008-09-09 10,000 0.2700 147,026