Found a version from 2011.
http://orinocogold.com/images/documents/62/05_OGX_Share_Trading_Policy.pdf
Surprise, surprise. Directors are not allowed to trade in shares when in possession of price sensitive information.
Well the logical corollary is that this director is not in possession of any such information or they would be in breach of not only the company policy but also corporation laws with criminal sanctions.
So no material news is presently available to this director. He probably wasn't satisfied with the give away performance rights he has just bagged or he thinks his current share in the company is too small. Esh