Financing (September 11, 1995)

Alpetro Res. — 3,000,000 shs @ 10 per sh.

Houston Lake M’g — 2,500,000 shs @ 10 per sh.

Madrona M’g — 2,000,000 shs @ 15 per sh.

Mart Res. — 1,350,000 shs @ 15 per sh.

Miner River Res. — 1,500,000 shs @ 25 per sh.

Pharlap Res. — 1,150,000 shs @ 30 per sh.

Republic Goldfields Inc. — 1,500,000 shs @ $1.40 per sh.

Rosebay Res. — 2,400,000 shs @ 15 per sh.

Stirrup Creek Gold Ltd. — 1,500,000 shs @ 40 per sh.

SYMC Res. — 650,000 shs @ 75 per sh.

Tuscany Res. — 3,000,000 shs @ 10 per sh.

Vulcan Min. — 3,000,000 shs @ 10 per sh.

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