FINANCING (June 22, 1992)

Arlo Res Ltd. – 700,000 shs offered @ 51 cents per sh.

Golden Ring Res. – 500,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit.

Intertech Minerals Corp. – 1,250,000 shs offered @ 18 cents per sh. Loumic Res Ltd. – 400,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit.

Mt. Grant Mines Ltd – 250,000 shs offered @ 25 cents per sh. Primo Gold Ltd. – 750,000 shs offered @ 40 cents per sh.

Vananda Gold Ltd – 300,000 shs offered @ 75 cents per sh.

Waseco Res Inc. – 675,000 shs offered @ 42 cents per sh.

International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit.