INK Research comments insider trading

Welcome to the Evolving Gold Free HUB On AGORACOM

Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

nugent

Rank: Treasurer [?]

Points: 333 [?]

Votes: 31 Score: 2.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

INK Research comments insider trading

posted on Jul 17, 2010 10:27AM

http://www.theglobeandmail.com/globe-investor/investment-ideas/features/who-is-buying-and-selling/evolving-gold-chair-buys-after-goldcorp-takes-stake/article1642751/

Insider Trading

Evolving Gold chair buys after Goldcorp takes stake

Gold bars

Board chairman Stuart Angus acquires 100,000 shares at 85 cents

http://www.theglobeandmail.com/template/ver1-0/ajax/pictureCollectionImages.jsp";

Ted Dixon

From Saturday's Globe and Mail Published on Friday, Jul. 16, 2010 4:00PM EDT Last updated on Friday, Jul. 16, 2010 7:33PM EDT

On July 7, Evolving Gold (EVG-X0.80-0.05-5.88%) announced that Goldcorp would be buying 19,047,721 shares at 82 cents via a private placement. The stock had closed at 69 cents the day earlier. While Evolving's stock moved higher on the news, it has since been fluctuating between 79 and 89 cents.

As the stock was trading in the middle of that range Tuesday, board chair Stuart Angus bought 100,000 shares at 85 cents. It is often a positive sign when there is insider buying after a stock has moved up following the release of news. Mr. Angus is an insider of a number of Canadian-listed companies, including SouthGobi Resources, Ventana Gold and Wildcat Silver.

Evolving is currently working on a 20,000-metre drill program at its flagship Rattlesnake Hills project in central Wyoming.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.