FINANCING (February 19, 1990)

Dunvegan – 325,000 non-flow-through & 325,000 flow-through offered @ 70 cents per unit.

Consolidated Harlin – 1,000,000 offered @ 18 cents per sh.

Strike Egy – 643,745 sold for gross $1,223,115.50

Westwego Res – min 700,000 sold for gross $231,000

Avondale Res – opt exerc on 625,000 @ 44 cents per sh

Golden Trump – 600,000 offered @ 70 cents per unit

ILM Res – 400,000 sold for gross $184,000

Silver Butte – 700,000 sold for gross $455,000

St. Jude Res – 500,000 sold for gross $250,000