FINANCING (July 12, 1993)

Archer Resources Ltd. -- 4,250,000 shs @ $8.50. Franco-Nevada Mining Corp. Ltd. --Stampeder Exploration Ltd. -- 8,000,000 shs @ $2.75 per special wt and each sh issuable upon exercise of 8,000,000 special wts. Royal Oak Mines Inc. -- 6,000,000 units...

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