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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: rgjack who wrote (23266)	4/1/2005 7:39:39 AM
From: la.dave	Respond to of 108614

Rgjack, The drop in the AM was caused by insiders exercising options, details below. I thought that CNR showed real strenght in spite of it. Dave Mandatory Notification of Trade March 31, 2005 - Oslo, Norway - CanArgo Energy Corporation (OSE: CNR, Amex: CNR) (`CanArgo`) announced today that on March 30, 2005 certain Directors and Officers exercised CanArgo share options and sold the shares. These options were priced at $0.10, which was some 2.5 times the share price in March 2003 when the option terms were set. The selling price of the shares was NOK 7.9948 (approximately $1.266). The two Executive Directors exercised options and sold as follows; CEO and Chairman, Dr. David Robson, sold 1,000,000 shares. Balance after the sale is 3,500,000 options and 457,760 shares of common stock in CanArgo. CFO and Executive Director, Vincent McDonnell, sold 300,000 shares. Balance after the sale is 1,200,000 options and 200,000 shares of common stock in CanArgo. One Non-Executive Director, Nils Trulsvik, also sold 250,000 shares.