My guess they unloaded on October 11 through CIBC at about 1$. A big portion was crossed on Pure just like the TD crosses.

(Portfolio = San Gold) GCIC LTD (FORMERLY GOODMAN & CO) ^^^ DECREASED its holdings of SAN GOLD CORPORATION (SGR) as of 30/Nov/2012 (Modified on 12/Dec/2012)

Targeted Security Holder List

	VAN ECK MARKET VECTORS ETF TRUST - JUNIOR GOLD MINERS ETF	25,207,831	7.52 %	20121212	-19,384
	GCIC LTD (FORMERLY GOODMAN & CO) ^^^	41,625,000	12.42 %	20121130	-1,406,398
	SHORT POSITIONS	716,185	0.21 %	20121130	-72,377
	ISHARES S&P/TSX GLOBAL GOLD INDEX FUND	1,817,124	0.54 %	20121023	169,281
	VAN ECK INTERNATIONAL INVESTORS GOLD FUND ^^	5,684,000	1.70 %	20120930	0
	DYNAMIC GOLD & PRECIOUS METALS FUND	1,480,200	0.44 %	20120930	380,200
	ABSOLUTE OPPORTUNITIES FUND	418,415	0.12 %	20120930	new
	CURIAN/VAN ECK INTERNATIONAL GOLD FUND	223,000	0.07 %	20120930	new
	US GLOBAL INVESTORS - WORLD PRECIOUS MINERALS FUND	0	0.00 %	20120930	-2,050,000
	US GLOBAL INVESTORS - GOLD & PRECIOUS METALS FUND (FORMERLY GOLD SHARES FD)	0	0.00 %	20120930	-1,025,000
	INVESTORS CANADIAN SMALL CAP CLASS	0	0.00 %	20120930	-366,000
	INVESTORS CANADIAN GROWTH CLASS	0	0.00 %	20120930	-214,900
	OPPENHEIMER GOLD & SPECIAL MINERALS FUND, INC. ^^	0	0.00 %	20120928	-16,300,000