Correction (March 25, 1996)

A report on Stellar Gold’s (VSE) agreement to acquire two nickel properties in the Philippines incorrectly stated the terms of the acquisition.

Stellar will issue 1.5 million shares to the vendors to exercise its option. It also agreed to issue to the vendors up to 9.1 million additional shares once certain milestones are reached.

BHP Minerals has the right to earn up to a 70% interest in the project through a combination of cash payments to Stellar and funding exploration, including carrying out a feasibility study leading to a production decision. The major is not required to issue shares as was reported in our March 18 issue.