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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: alan holman who wrote (13334)4/11/1997 11:06:00 AM
From: Mr Lockey   of 28369
 
from..StockHouse...

April 11, 1997
<Picture: [ NEXT STORY ]><Picture>

Regulator's report on Bre-X insider trading delayed

Investors in Bre-X Minerals Ltd. will have to wait a day or two to find out what company executives were doing with their shares in March.

While yesterday was the deadline for executives at all publicly traded firms to report trading by ``insiders'' in March, the Ontario Securities Commission says its still sorting through the pile.

Normally, the documents are sent out for compilation in booklet form and are available a week later.

But the OSC is trying to separate Bre-X filings because of the interest in the junior mining company's affairs.

As recently as last month, Bre-X was claiming to have discovered at least 71 million ounces of gold in its Indonesian deposit. But a partner brought in to help develop the site did its own drilling and said the gold content of its samples was ``insignificant.''

``The pile of filings here is about a foot and half high,'' an OSC spokesperson said yesterday. ``So far we've seen nothing from Bre-X, but that doesn't mean it's not there. It could take another day to get through this.''

Bre-X chief executive David Walsh said Wednesday he hasn't sold any shares this year.
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