These Regulations prohibit to: (a) buy, deal in, or receive by way of barter or pledge, either as principal or agent, any reserved mineral, unless a person is licensed or authorized under these regulations to trade in reserved minerals or is the operator of a registered lapidary; (b) sell, offer, display for sale, barter or pledge, either as principal or agent, any reserved mineral unless:(i) subject to the provisions of section forty of the Mines and Minerals Act, a person is the holder of a va