Good eyes Kiwi3. Did not notice that. Another great question for CC. He was an insider for about 1 year, since Sep 2011. Funny I don't remember 1 exploration hole being drilled in that time period. He didn't get any options in the latest issuance so the writing was on the wall I guess.
According to sedi.ca (below) appears he ceased to be insider as of Oct 15th. Coincidentially the same day they released:
Additional efforts to improve operational efficiency
- Laboratory facility: Equipment has been ordered to develop a fully functional analytical laboratory, which will allow the company to prepare on-site testing of ore samples within a 24-hour period. The facility is expected to be operational by year-end.
Which is presumably because they will be doing a lot of drilling.
What is going on here? Talk about skeleton crew.
Former Jipangu executives are GGNs CEO/CFO and COO. Coincidence? If not, get on with it.
View insider profile
| Family name || Jones |
| Given names (in full) || Steven K |
| Municipality (city, town, etc.) || Carson City |
| Province, territory or state || Nevada |
| Country || United States |
| Issuer number || 00022554 |
| Issuer name || Gryphon Gold Corporation |
| Insider's relationship to issuer || |
| Date the insider became an insider of this issuer || 2011-09-08 |
| Opening balance date || |
| Date the insider ceased being an insider of this issuer || 2012-10-15 |