FINANCING (December 17, 1990)

Dundee Resources Corp. — 1,800,000 shs offered @ 17 cents per sh. Sundance Resources Ltd. — 2,000,000 shs offered @ 27 cents per sh. Mountain Beaver Resources Ltd. — 2,700,000 units consisting of 1 sh and 1 sh purchase wt offered at 45 cents per unit also 430,000 shs on a secondary basis offered @ 43 cents per sh. Trilogy Resource Corporation — 9,000,000 units consisting of 1 sh and 1 sh purchase wt offered @ $1.25 per special wt.